Where to show outward rcm supply (gta) in gstr-1
This query is : Resolved
09 August 2018
While Filling GSTR 3B, the turnover where 100% RCM is payable by recipient of service (example transportation of Goods by Road having 5%, or manpower services having 18% gst rate) are filled in Table 3.1 (a) Outward taxable supplies (other than zero rated, nil rated and exempted). In corresponding tax liability column, actual tax liability of other taxable supply i.e. Other than RCM is filled.
While filling GSTR 1, In table 4A, All taxable turnover with tax liability is reflected in proper tax rate column. In table 4B, i.e. supply attracting tax on RCM, other GSTIN, Invoice no., Invoice date, etc are filled accordingly with selecting the check box of “Supply attract Reverse Charge”. Now the question arises that the Invoice amount should be filled in appropriate tax rate column (5% or 18%) by reverse working or Entire turnover be filled in 0% tax rate column since tax has been paid by the recipient of services.
Under this head, if we select 5% or 18% rate, tax liability figure of GSTR 1 and GSTR 3B will mismatch.
Thus, Kindly confirm whether filling the amount of RCM turnover in 0% Tax rate column is in order or not? The question arises since said turnover is falling under tax rate of 5 or 18% and not in 0%. Kindly throw the light with practical solution, if answer varies from selection of 0%.
While filling GSTR 1, In table 4A, All taxable turnover with tax liability is reflected in proper tax rate column. In table 4B, i.e. supply attracting tax on RCM, other GSTIN, Invoice no., Invoice date, etc are filled accordingly with selecting the check box of “Supply attract Reverse Charge”. Now the question arises that the Invoice amount should be filled in appropriate tax rate column (5% or 18%) by reverse working or Entire turnover be filled in 0% tax rate column since tax has been paid by the recipient of services.
Under this head, if we select 5% or 18% rate, tax liability figure of GSTR 1 and GSTR 3B will mismatch.
Thus, Kindly confirm whether filling the amount of RCM turnover in 0% Tax rate column is in order or not? The question arises since said turnover is falling under tax rate of 5 or 18% and not in 0%. Kindly throw the light with practical solution, if answer varies from selection of 0%.
09 August 2018
In table 4B , we have to show outward supplies on which tax has to be paid by recipient on reverse charge basis, while in 3B, we have to show inward supply on which we have to pay tax on reverse charge basis. Both are different figures which are captured for different purposes.
09 August 2018
You have to shoe the outward supply made by GTA on which tax has to be paid on reverse charge basis by receipent in table 4B and clicking supplies liable for reverse charge. Shoe your tax liability as NIL
09 August 2018
Correct. But at portal. It auto calculates the tax liability as soon as I enter the bill amount in appropriate tax rate supply.
09 August 2018
What about Your invoicing methods with GTA** and Manpower supply...?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
