We, Southern Railway have received notice from GST Authorities regarding mismatch in RCM Liability. Notice is mentioned below:
Mismatch in liability - RCM On verification of GSTR-3B returns filed by the tax payer for the year 2022- 23, the following differences are noticed: Tax Type As per 3.1(d) As per 4A(3) Difference IGST 1654556.13 8468228.53 6813672.40 CGST 0 108847.33 108847.33 SGST 0 108847.33 108847.33 CESS 0 0 0.00 Total 1654556.13 8685923.19 7031367.06
In this regard, the tax payers have not filed any reply, The tax payers are requested to pay the above difference amount immediately. Notice in DRC-01A is issued.
Please it is requested to provide a suitable reply for this.
19 January 2024
The supplier has to report invoice-wise sales subject to RCM in his GSTR-1. The supplier has to report the same in table 4B of GSTR-1 (Outward supplies attracting tax on reverse charge basis). The recipient has to report the summary of purchases attracting reverse charge. The recipient has to report in Table 3.1 (D) of GSTR-3B (inward supplies liable to reverse charge). The recipient has to discharge the liability through electronic cash ledger while filing his GSTR-3B. The recipient can utilise ITC on purchases under RCM only in the next tax period. He can claim it under Table 4A of GSTR-3B (eligible ITC).
You can re-examine your books as to what has happened here and take corrective measures
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