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Know more about GSTR-1 reports in QuickBooks
GSTR1- 4. B2B Invoices
Taxable outward supplies to all registered persons/entities (i.e. with GSTIN).
This report considers:
- Invoices and Sales Receipts. Journal Entries are not considered.
- Transactions raised for a registered buyer, i.e. a customer for whom GSTIN has been updated in QuickBooks.
- Without a GSTIN, the transaction would be considered a B2C transaction.
- Interstate and intrastate transactions.
- Transactions with GST tax rates other than
- Nil Rated (0% IGST, 0% GST)
- Exempt (Exempt IGST 0%
- Exempt GST 0%)
- Non GST (Out of Scope 0%)
GSTR1 - 5. B2C Large Inter-State Invoices
Taxable outward supplies to consumers where Place of Supply (State) is other than the State where supplier is located (inter-state supplies) and where invoice value is more than Rs 2.5 lakh.
This report considers:
- Invoices and Sales Receipts. Journal Entries are not considered.
- Transactions raised for an unregistered buyer, i.e a customer for whom GSTIN has not been updated in QuickBooks.
- Transactions with taxable value greater than INR 250000. Note that the value being considered is exclusive of tax.
- Transactions with IGST selected in the Tax column.
- Note that selecting Place of Supply currently cannot be used by QuickBooks to determine the transaction being interstate or intrastate.
GSTR1 - 7. B2C Small Invoices
Taxable outward supplies to consumers (other than Section 6).
This report considers:
- Invoices and Sales Receipts. Journal Entries are not considered.
- Transactions raised for an unregistered buyer, i.e. a customer for whom GSTIN has not been updated in QuickBooks.
- Transactions with taxable value less than or equal to INR 250000. Note that the value being considered is the total invoice value, i.e. Net - Discount + GST on Net + Shipping + GST on Shipping.
- Transactions that are both intrastate and interstate.
- Transactions with GST tax rates other than
- Nil Rated (0% IGST)
- Exempt (Exempt IGST 0%)
GSTR1 - 6. Exports
Supplies exported including deemed exports.
This report considers:
- Invoices and sales receipts. Journal entries are not considered.
- Transactions where the Place of Supply is set to Other Territory.
- Transactions with and without tax.
GSTR2 - 4. B2B and Unregistered Invoices
Bills from Registered Taxable Persons including supplies received from unregistered person in case of reverse charge.
This report considers:
- Bills only. Expenses, Cheques and Journal Entries are not considered.
- Transactions raised for registered suppliers, i.e. suppliers with GSTINs in QuickBooks.
- Reverse Charge transactions raised for unregistered suppliers, i.e. suppliers without GSTINs in QuickBooks.
- Reverse Charge transactions refers to a bills which use items in which a reverse charge percentages have been specified.
- Transactions that are intrastate and interstate (i.e. with GST and IGST rates selected).
- This includes transactions with GST rates named Exempt and 0%.
GSTR2 - 7. Credit/ Debit Notes
Details of credit/ debit notes.
This report considers:
- Supplier Credits only. Journal Entries are not considered.
- Transaction raised for registered suppliers, i.e. suppliers with GSTINs in QuickBooks.
- Transactions that are intrastate and interstate (i.e. with GST and IGST rates selected).
GSTR2 - 8. Other Invoices
Supplies received from composition taxable person/unregistered person & other exempt/nil/non GST supplies.
This report considers:
- Bills only. Expenses, Cheques and Journal Entries are not considered.
- Transaction raised for unregistered suppliers, i.e. suppliers without GSTINs in QuickBooks.
- Transactions that are intrastate and interstate (i.e. with GST and IGST rates selected).
- Also included are transactions with GST rate set to Exempt and 0%.
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