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RCM in GSTR 1

sheik javid (student) (281 Points)

21 November 2020

Inward Reverse supply from Registered dealer which column to show in GSTR 1.

Note: tax paid by registered dealer (opposite party) in way of RCM

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7 Replies

ayusmita (Tax consultant) (5885 Points)
Replied 21 November 2020

The supplier has to report in table 4b of Gstr1 outward supplies attracting tax on reverse charge basis
and the recipient has to report in table 3.1 (D) of gstr 3b inward supplies liable to reverse charges

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sheik javid (student) (281 Points)
Replied 21 November 2020

Who is liable to pay ? receipient?

Shivam RC (Student) (23683 Points)
Replied 21 November 2020

Incase of Reverse Charge Mechanism ( RCM ), the Recipient is required to pay the tax and thereafter claim the ITC on it ( if eligible ).

sheik javid (student) (281 Points)
Replied 22 November 2020

Same in case if GTA

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 22 November 2020

Receptient not required to report RCM transaction in GSTR 1

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sheik javid (student) (281 Points)
Replied 22 November 2020

But GTA people demanding to report in GSTR1 in order to claim ITC

nalina s (Student CA Final ) (44 Points)
Replied 03 July 2023

WATS THE TREATMENT IF THE RCM EXPENSES IS A FOREIGN REMITTENCE- RCM ON THAT, WHERE TO SHOW IN GSTR - 1 - IN 3B WE WILL DECLARE IN 3.1 TABLE, BUT IN GSTR -1 WHERE SUCH EXPENSES TO BE SHOWN - ESPECIALLY FOREIGN PROF. CHARGES EXPENSES