14 August 2022
Sir, I would like to clarify some doubt regarding RCM 1.Whether all kinds of goods purchased from Unregistered dealer will come under RCM or only Specific goods such as Beedi Wrapper, Cashew nut only will come under RCM ? 2.Whether Rs.5000/- per day limit will restrict the purchase from unregistered dealer? 3.Where RCM should be declared in GSTR 1 ? Because there is no provision available to declare the Purchase or availed service from Unregistered dealer ? 4.How to tally the sales declared in GSTR 3B & GSTR 1 in case Sales along with RCM transaction has been declared in GSTR 3B S No.3.1(d) whereas Only the Sales have been declared (Excluding RCM Supplies)? 5.Even though RCM transaction will not come under sales of the purchaser since it is purchase to him then why do GSTN treat them as Turnover as per GSTR 3B ? is it correct one ?
CAclubindia
