My client is into jewellery business operating from a rental premises , paying a rent of Rs.20000/-. I have filed the GST return GSTR3B of July 2017 as per below details :
1. In Inward supplies (liable to service charge) i have put taxable value as 16950/- and shown CGST & SGST as 1525 respectively but forgot to put the same details in Eligible ITC.
I have two questions here: 1. Is it right showing rent as inward supplies liable to servide charge and the calculation is correct ? 2. How to take credit of the reverse charge now ?
01 November 2017
1. The landlord is registered then you can enter as Inward supplies. If not you ll enter in Reverse charge Supplies....
2. Also you can take ITC column....
CAclubindia
