1. Captive consumption of Finished Goods :
As you are aware core business of our company is
mining of kota stone. The same stone is used by company in its building
repair / construction.
Company is maintaining a separate account
“repairing to building A/c“same is debited to this account. Company also
raise invoice without tax in the name of Repair to Building account –ASI (K)
While processing GSTR-1, a rejection for own
GSTIN is populated i.e. System not accepting Company GSTIN for above
mentioned sales bill.
Please guide should we show this sales in GSTR -1 as
sales to unregistered party or need not to include in Turnover.
to treat enclosed invoice in the books as we send a transformer for repairing
work wherein service provider taken back the used transfer oil ,copper as scrap
and adjusted amount in the same invoice. While GST is charged on full value
of Rs. 75900/- .
Please guide on the treatment of Scrap/oil amount of
Rs.37600/- . Should we raise the invoice for 37600/- or else.
Please provide the opinion on the above matter.
1.) In case of
captive consumption there is no need to issue invoice where consumption of goods
is within the same unit or in the unit situated in the same state. Therefore
you don’t need to raise invoice for the captive consumption of goods and no
need to include the same in the turnover as well.
2.) For recording of transaction in your books
of accounts, you should raise an invoice stating the amount
of scrap as sale of scrap. no matter the service provider has issued invoice
containing amount of scrap. And record the invoice issued by service provider
on gross basis.