Mr. B Ltd is a GTA services provider, Mr. B issued GST invoice on Reverse charge basis, total sale of service during the month april 2021 is Rs.200000+5% GST on reverse charge basis,
Query 1:- B Ltd is required to report the SAC (Service Accounting Code) summery of outward supply on reverse charge in table 12 of GSTR 1?
Query 2:- if yes While reporting such SAC summery in table 12, we need to report both taxable value Rs.200000 and 5% GST on Rs. 200000 or only Rs.200000?
1/ Yes B Ltd required to put SAC Code in GSTR 1.
2/ B Ltd is GTA. Your Taxable value and Invoice valu is same i.e. Rs 200000/-. In table no 12 of GSTR 1 you only mention taxable value coloum you put rs 200000/-. in other coloun i.e IGST, cgst and sgst no need to put any amount.
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