Schedule III items

[Bharat Cholleti]

Dear sir,

Schedule III items being neither supply of goods nor services shall we need to declare in R3b and R1 return, kindly advise with supporting sections, rules etc.

[KASTURI SETHI]

See Table 3.1 (e) of GSTR 3 B and Table No.8 og GSTR-1.

AI Summary

Schedule III items: classify as non-supply and disclose in the prescribed return tables to ensure GST return compliance.
Schedule III items, characterised as neither a supply of goods nor services, nonetheless attract a discrete disclosure obligation in periodic GST returns. Taxpayers should treat such entries as non-supply items for classification purposes and record them in the prescribed return fields, specifically the designated table in GSTR-3B and the matching disclosure table in GSTR-1, to satisfy return-reporting obligations.