REGARDING 3-B IN CASE WHOSE TURNOVER IS LESS THAN 1.5 CRORE

[Deepak Garg]

Sir

Is there any clarification on the above subject issue to the effect that Form 3-B is to be filed in case of turnover below 1.5 core.

Whether commission sales of katcha arhtiya on account of wheat and paddy has to be reported in exempted column no.8 of GSTR-1.

[KASTURI SETHI]

(i) No clarification. Possibility in the GST Council meeting to be held on 9 & 10.11.17.

(ii) Yes.

[Ganeshan Kalyani]

GSTR 3B is applicable to all the assesses. Yes , exempted turnover also need to be disclosed in the return.

[subramanian vijayakumar]

Yes it includes all the sales figures including exempt sales

[DR.MARIAPPAN GOVINDARAJAN]

What is katcha arhtiya?

[KASTURI SETHI]

There are two types of Commission Agents Katcha Arhtiya (Temporary Commission Agent) and Permanent Commission Agent. Both are intermediaries and arrange to sell the crop of farmers. Legally both are same as both charge commission for making arrangement to sell the crop of farmers in the market. Katcha Arhitya gives the money in advance to the farmer without physical presence of crop through out the year. As and when the farmer gives the crop to the temporary agent for sale to the buyer to be arranged by the agent, he recovers the amount of commission from the sale proceeds of the crop.

The other commission agent who arranges the buyer for temporary commission agent gives the commission to him only after when the crop is lifted. Both do not account for the sale proceeds of crop in their books of account. Only amount of commission is accounted for.

This is as per practice being followed in Punjab.

[DR.MARIAPPAN GOVINDARAJAN]

Thank you for your information sir.

[KASTURI SETHI]

Welcome, Sir

AI Summary

GSTR 3B applicability requires filing by all assesses; exempted turnover and commission-agent sales must be disclosed. GSTR-3B is to be filed by all assesses and exempted turnover must be disclosed in returns; commission-agent (katcha arhtiya) sales should be reported in the exempt supplies column of GSTR-1, with the agents typically accounting only for commission income rather than full sale proceeds.