in case of reverse charge mechanism (RCM) ,the reciepnt shall pay tax ,in GSTR 1 it shows in table 4 ,attracting reverse charge shall be disclosed,,,but GSTR 1 is meant to outward supply,,ie sale ,,we are not reciepnt in such sale (we r the sellers). what is the point in that can any one can explain,, cases where supplier himself shall pay tax on outward supply!
2 Replies
Gagan Singla
(564 Points)
Replied 18 June 2017
outward supplies not taxable on seller as buyer has to pay tax on such service/good. but reporting to ne done by seller in return of outward supply taxable on rev chg basis
Gagan Singla
(564 Points)
Replied 18 June 2017
its for reposrting purposes so that any mismatch can be found easily
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