TAXABLE VALUE UNDER RCM
This query is : Resolved
10 August 2020
RESPECTED SIR
SUPPLY OF CAR AS RENTING VECHILE TO A COMPANY. SUPPLIER RAISED BILL RS 112275 9( BILL INCULDE A FIXED CHARGE AND A CAR RUNNIMG CHARGES) BUT THE COMPANY BILL PASSED RS 96785 AFTER DEDUCTING TDS SEC 194C .AND COMPANY PAID GS TAX UNDER RCM. NOW WHICH AMOUNT AND HOW IT SHOW IN GSTR3B AND GSTR1. PLEASE ADVICE THANKS.......
SUPPLY OF CAR AS RENTING VECHILE TO A COMPANY. SUPPLIER RAISED BILL RS 112275 9( BILL INCULDE A FIXED CHARGE AND A CAR RUNNIMG CHARGES) BUT THE COMPANY BILL PASSED RS 96785 AFTER DEDUCTING TDS SEC 194C .AND COMPANY PAID GS TAX UNDER RCM. NOW WHICH AMOUNT AND HOW IT SHOW IN GSTR3B AND GSTR1. PLEASE ADVICE THANKS.......
11 August 2020
You have to show Rs.112275/- as outward supply liable to RCM under table 4B of GSTR1.
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11 August 2020
Respected sir
thanks for replies...but how to show in GSTR3B and company biil passed only rs 96785/ where to show it. advice please.....
thanks for replies...but how to show in GSTR3B and company biil passed only rs 96785/ where to show it. advice please.....
11 August 2020
What is the breakup of the difference between 112275-96785?? What for this amount is deducted? TDS deduction should not be so much.
13 August 2020
RESPECTED SIR
I GIVE YOU DETAILS
BILL RAISED BY SUPPLIER 112775
BILL PASSED BY COMPANY 106000
TDS DEDUCTED 194C 1% 1061
BALANCE 104939 CREDIT TO SUPPLIER BANK ACCOUNT
GST TAX PAID BY COMPANY UNDER RCM. PLEASE ADVICE
I GIVE YOU DETAILS
BILL RAISED BY SUPPLIER 112775
BILL PASSED BY COMPANY 106000
TDS DEDUCTED 194C 1% 1061
BALANCE 104939 CREDIT TO SUPPLIER BANK ACCOUNT
GST TAX PAID BY COMPANY UNDER RCM. PLEASE ADVICE
13 August 2020
Then from where Rs.96785/- is coming?
Based on your clarifications,Amount of invoice to be shown in GSTR1 and 3B is Rs.1,12,775/-.You have to raise a credit note for Rs. 6,775/-.This credit note also you have to show in GSTR1 and 3B.
Based on your clarifications,Amount of invoice to be shown in GSTR1 and 3B is Rs.1,12,775/-.You have to raise a credit note for Rs. 6,775/-.This credit note also you have to show in GSTR1 and 3B.
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