Highlights:

Column 1: Serial Number

Serial Number to be entered in this column.

Column 2: Total amount of Expenditure incurred

Items which are not expenditure are not to be reported in column 2 or any other column. Items which are not supply under GST are also not required to be reported in Column 2 or any other column. E.g.

Depreciation,
Bad Debts,
Salary and Remuneration related items,
Stock in Hand,
Forex Loss & Gain etc.

All other items to be reported here.

Column 3: Exempted, Nil Rated and Non Taxable supplies are to be reported in Column 3. E.g.

Liquor,
Petrol,
Natural Gas,
Electricity,
Interest charged by Bank,
Interest on Loan (If lender has GSTIN) etc.

Column 4: Expenditure incurred relating to entities falling under composition scheme are to be reported under column 4.

Auditor may refer the copy of bills to verify the status of these dealers. In the absence of this information, a suitable disclosure may be made in the audit report.

Column 5: Value of all inward supplies from registered dealers, other than supplies from composition dealers and exempt supply from registered dealers, are to be mentioned here.

Column 7: Expenditure relating to entities not registered under GST are to be reported under column 7. E.g.

Import of Goods and Services,
Expenses on which RCM has been paid,
Custom Duty,
Late Fee,
Interest on Loan (if lender does not have GSTIN),
Other non-GST registered entities expenditure.