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about expenses and RCM

31 August 2017

is inward supply liable reverse charge we fill details on GSTR 1 or GSTR 2 .... and expenses GSTR 1 or GSTR 2 pls help ?

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11 Replies

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 31 August 2017

Both in GSTR 2....

1 Like

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Ajay Prajapati (512 Points)
Replied 31 August 2017

thank u sir.

Ajay Prajapati (512 Points)
Replied 31 August 2017

all RCM and EXPENSES filling manually in gstr 2 ?

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 31 August 2017

Brother...
Understand the rule...
Expenses is our identification as per income tax...

But,
GST is don't ask expenditure account. We have received the inward supplies from registered dealer or unregistered dealer...

If you received goods / services from registered dealer you can enter in GSTR 2 as B2B transactions....
If you received goods or Services from unregistered dealer then you ll be enter in URD purchase as RCM.
If you received goods from Composition dealer then you ll be enter in Excempt /Nil/Composition purchase.....

Are you understand....?!

2 Like

Ajay Prajapati (512 Points)
Replied 31 August 2017

oh yes thanks a lot

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Ajay Prajapati (512 Points)
Replied 31 August 2017

last quesry pls sir ...

if i receive gooda from composition then m not liable to pay in RCM ??? pls last query

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 31 August 2017

The composition dealer is a registered dealer. So, You can't pay under RCM.
You ll be show it in particular columns.

If you satisfied my reply then you ll give your likes to me....

3 Like