if the freight is paid by consignor/consignee then also do the transporter need to file GSTR-1 showing invoice amount taxable @ 5% and based on that the concerned party will file GSTR-1 for reverse charge. or should we show @ 0%. please suggest the correct method
3 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 28 December 2017
Show the taxable amount @ 5%...
If you are filed your return then it's reflected clients GSTR 2A... If you can't file and the client will be file his (GSTR 2) with your invoice then it ll be reflect in your GSTR 1A..
Read more at: https://www.caclubindia.com/forum/gstr-1-for-transporters-440980.asp?offset=1
Mondira Saha
(GST)
(3925 Points)
Replied 28 December 2017
yes you have to file with your taxable amount AND tax rate when your consignee/consignor paid this as RCM
and switch on suppy attractive reverse charge (this option is refcted when you add any B2B invoice )
and switch on suppy attractive reverse charge (this option is refcted when you add any B2B invoice )
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