My client is small trader registered as normal tax payer with annual turnover of less than 50 lakhs. He had purchased some goods from very lower level unregistered supplier who don't even provide invoice (given kacha parcha). Now my query is how to show this in GSTR 3B and GSTR-1.
1.Being small trader he is not maintaining any account.
2. All billing is b2b so has to declare that sale of product purchased from unregistered dealer.
3. HOW TO KEEP RECORD FOR THIS PURCHASE WITHOUT MAINTAING ACCOUNT. Do we need to generate self invoice without RCM?
Trader with Turnover Under 50 Lakhs Seeks Advice on Recording Purchases from Unregistered Supplier in GSTR 3B and GSTR-1 A small trader registered for GST with an annual turnover under 50 lakhs purchased goods from an unregistered supplier who did not provide an invoice. The trader seeks advice on how to record this in GSTR 3B and GSTR-1 without maintaining formal accounts. Responses suggest using accounting software and raising a self-invoice for such purchases, declaring them as exempt in GSTR 3B. It is noted that a 'kacha parcha' lacks legal value, and proper commercial invoices should be issued. For exempt supplies, a bill of supply can be issued instead of a regular GST invoice. (AI Summary)
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