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Intuit

ANX-1 report in QuickBooks Online

As per the latest decision of the GST Council, a new return system will be rolled out to support the taxpayers. Under the new GST Return System, taxpayers will have to fill one main return called the GST RET-1 along with 2 annexures named ANX-1 and ANX-2.

Except small taxpayers (turnover up to INR5 crore), all others will have to file this return on a monthly basis.

Here the conditions that QuickBooks will use to generate the ANX-1 for your business. A transaction must meet all listed conditions against a particular section to be listed under the said section.

ANX-1 section title Parameters used by QuickBooks to determine which section your transactions belong to.
3A. Supplies made to consumers (B2C) and unregistered persons (net of debit/credit notes) Transaction type 1. Invoice 2. Sales Receipt (Cash Memo) 3. Credit Note
Customer GST registration type GST unregistered Consumer
Tax rate Non zero GST or IGST tax codes generated by the system
GST - 0.25% 3% 5% 6% 12% 18% 28%
IGST - 0.25% 3% 5% 6% 12% 18% 28%
3B. Supplies made to registered persons (B2B) Transaction type 1. Invoice 2. Sales Receipt (Cash Memo)
Customer GST registration type GST Registered –Regular GST Registered –Composition
Tax rate Non zero GST or IGST tax codes generated by the system
GST - 0.25% 3% 5% 6% 12% 18% 28%
IGST - 0.25% 3% 5% 6% 12% 18% 28%
3C. Exports with payment of tax Transaction type Invoice  Sales Receipt (Cash Memo)
Customer GST registration type Overseas
Tax rate IGST tax codes generated by the system

IGST – Exempt, 0%, 0.25% 3% 5% 6% 12% 18% 28%

3.D Exports without payment of tax Transaction type Invoice  Sales Receipt (Cash Memo)
Customer GST registration type Overseas
Tax rate ~ Out of Scope at the item level or transaction level

 

3E. Supplies to SEZ units/developers with payment of tax Transaction type Invoice  Sales Receipt (Cash Memo)
Customer GST registration type SEZ
Tax rate IGST tax codes generated by the system

IGST – Exempt, 0%, 0.25% 3% 5% 6% 12% 18% 28%

3F. Supplies to SEZ Units/developers without payment of tax Transaction type Invoice  Sales Receipt (Cash Memo)
Customer GST registration type SEZ
Tax rate ~ Out of Scope at the item level or transaction level.
3G. Deemed Exports Transaction type Invoice  Sales Receipt (Cash Memo)
Customer GST registration type Deemed Exports
Tax rate All GST and IGST tax codes generated by the system
GST - Exempt, 0%, 0.25% 3% 5% 6% 12% 18% 28%IGST - Exempt, 0%, 0.25% 3% 5% 6% 12% 18% 28%
Additional information - QBO doesn't track amendments
3H. Inward Supplies attracting reverse charges Transaction type Bill Expense Cheque
Only data entered in the Item details section of these forms will be considered
Product/Service Type Service with Reverse Charge enabled, i.e. a non-zero reverse charge percentage specified
Reverse Charge is usually 100%. Read more.
Supplier GST registration type SEZ Overseas
Tax rate All GST and IGST tax codes generated by the system

GST - Exempt, 0%, 0.25% 3% 5% 6% 12% 18% 28%
IGST - Exempt, 0%, 0.25% 3% 5% 6% 12% 18% 28%

OR
Transaction type Bill Expense Cheque
Only data entered in the Item details section of these forms will be considered
Product/Service Type Inventory with Reverse Charge enabled, i.e. a non-zero reverse charge percentage specified. Non-inventory with Reverse Charge enabled, i.e. a non-zero reverse charge percentage specified Service with Reverse Charge enabled, i.e. a non-zero reverse charge percentage specified
Supplier GST registration type GST registered- Regular GST registered- Composition GST unregistered
Tax rate All GST and IGST tax codes generated by the system

GST - Exempt, 0%, 0.25% 3% 5% 6% 12% 18% 28%
IGST - Exempt, 0%, 0.25% 3% 5% 6% 12% 18% 28%

3I. Import of services (net of credit/debit notes and advances paid if any) Transaction type Bill Expense Cheque
Only data entered in the Item details section of these forms will be considered
Product/Service Type Service
Supplier GST registration type Overseas
Tax rate All IGST tax codes generated by the system

IGST - Exempt, 0%, 0.25% 3% 5% 6% 12% 18% 28%

3J. Import of goods Transaction type Bill Expense Cheque
Only data entered in the Item details section of these forms will be considered
Product/Service Type Inventory Non-inventory
Supplier GST registration type Overseas
Tax rate All GST and IGST tax codes generated by the system

GST - Exempt, 0%, 0.25% 3% 5% 6% 12% 18% 28%
IGST - Exempt, 0%, 0.25% 3% 5% 6% 12% 18% 28%

3K. Import of goods from SEZ Units / developers on a Bill of entry Transaction type Bill Expense Cheque
Only data entered in the Item details section of these forms will be considered
Product/Service Type Inventory Non-inventory
Supplier GST registration type SEZ
Tax rate All IGST tax codes generated by the system

IGST - Exempt, 0%, 0.25% 3% 5% 6% 12% 18% 28%

3L. Missing documents on which credit has been claimed in T-2/T-1 (for quarter) tax period and supplier has not reported the same till the filing of return for the current tax period. This is not tracked by QuickBooks
4. Details of the supplies made through e-commerce operators liable to collect tax under section 52 This is not tracked by QuickBooks

 

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