Inward supply from U RDs liable to RCM categories goods.Now RCM deferred up to 30.09.2028.So this Purchase amount entered in table 5 of the GSTR3B form.In this cases is legally correct?.
10 Replies
CA Rakesh Joshi
(Chartered Accountant )
(1272 Points)
Replied 06 October 2018
I think RCM is deferred till 30.09.2018 and not 2028
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 06 October 2018
Yes... Mr Subhagan Sreerangan...
But, It's OK applicable for sec 9(4) related inward supplies. Not for sec 9(3) related inward supplies.
Sec 9(3) related inward supplies will be shown in - 3.1 (d).
You can show or not sec 9(4) related inward supplies in GSTR 3B return.
But, It's OK applicable for sec 9(4) related inward supplies. Not for sec 9(3) related inward supplies.
Sec 9(3) related inward supplies will be shown in - 3.1 (d).
You can show or not sec 9(4) related inward supplies in GSTR 3B return.
subhagan sreerangam
(7056 Points)
Replied 06 October 2018
My question is that inward Supplies from URDs amounts which table entries pass in GSTR3B
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 06 October 2018
As per my view.,
No need show it in anywhere in GSTR 3B return for the Inward supplies from URDs...
No need show it in anywhere in GSTR 3B return for the Inward supplies from URDs...
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 06 October 2018
Better to ask Your queries with details or Clearly. Then Only you can get exact solution. Otherwise if You ask Flat query then replies based only common or flat.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 06 October 2018
As per Notification 8 CT (r) the RCM was applicable on inward supply from URD on the value of more then 5000/- , below it it was exempted .
So As the RCM on same has been Suspended to 30/09/19 (Noti.22 CT (R) )such inward supplies shall be treated as Exempted supplies
Hence can be show under Table 5 of GSTR 3B
So As the RCM on same has been Suspended to 30/09/19 (Noti.22 CT (R) )such inward supplies shall be treated as Exempted supplies
Hence can be show under Table 5 of GSTR 3B
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 06 October 2018
Yes... Can be shown (or not mandatory)
But, It's not exempted supplies.
But, It's not exempted supplies.
subhagan sreerangam
(7056 Points)
Replied 06 October 2018
Clearly clarify my doubt-where to enter the purchase value from URDs.If the value not enter in the GSTR3B how can proof the purchase at the time of finalizing the Profit and loss account.
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 06 October 2018
Why you ask where to enter URD inwards in GSTR 3B?
Why not you ask this one based income tax...?
Why you ask only based on GST...?
Are not shown any expenditure in Your PandL Account without showing in GST returns...?
Why not you ask this one based income tax...?
Why you ask only based on GST...?
Are not shown any expenditure in Your PandL Account without showing in GST returns...?
VIPIN KUMAR
(PROPRIETOR)
(57 Points)
Replied 07 October 2018
income tax and gst both are separate, maintain proper books of accounts showing purchase from unregistered dealer. no need to deposit rcm, pay tax as per sale.
Recent Topics
- Response to defective return notice in case of 139
- Capital loss for surcharge purchase?
- RCM on certain expenses under Sec.9(3) and 9(4)
- CPA to Company Registration Services for USA
- RCM RELATED TOPIC
- 194C TDS ON CONTRACTOR
- Capital gains on sale of TDR
- Cash ledger refund
- Interest free loans from directors in private limi
- Section 194T
Related Threads
CAclubindia
