Pratik Surve (Assistant Professor ) (571 Points)
01 August 2019DEAR CCI EXPERTS,
PLZ HELP ME TO SOLVE FOLLOWING QUERY
INCASE OF WE AS SERVICE RECEIVER AND LIABLE TO PAY GST ON RCM BASIS THEN WHERE TO SHOW LIABLITY EFFECT IN BOTH UNDER GSTR-1 & GSTR-3B.
THERE IS NO COLUMN FOR INWARD SUPPLY FOR RCM IN GSTR-1
BUT DIRECT OPTION IN GSTR-3B TO PUT AMT OF TAX OF INWARD SUPPLY ON RCM BASIS,
Deepak Gupta
(CA Student)
(15922 Points)
Replied 01 August 2019
In GSTR-3B:
3.1 (d) Inward supplies (liable to reverse charge)
Fill taxable value and tax amount
4(A)(3) Inward supplies liable to reverse charge (other than 1 & 2 above)
Mention the amount of tax
In GSTR-1: No Treatment
Since it is an inward supply and GSTR-1 deals with details of outward supplies of goods or services
Pratik Surve
(Assistant Professor )
(571 Points)
Replied 01 August 2019
OK
BUT THEN WHAT IS SELF INVOICE UNDER GST
SOMEONE SAYS WE HAVE TO PREPARE SELF INVOICE ON OUR NAME WHERE SERVICE RECEIVER AND PROVIDER GST NO. WILL BE SAME
HOW TO MAKE THIS TREATMENT THEN???
AND WHAT ABOUT ITC OF RCM??
CAclubindia
