RCM paid by IOCL on transport contract
MAYUR MINAJGI (54 Points)
23 September 2020
Where to declare Taxable Turnover where GST os borne by IOCL on RCM basis..??
1 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 23 September 2020
Can be reported in table 3.1 (a) GSTR 3B , without putting any tax in corresponding tax column . (As it's taxable supply , & only the liability to pay is shifted on Receptient)
And in GSTR 1 need to be reported in table 4 by clicking the option RCM Applicable therein.
Note : In 3B it can be also reported under 3.1 ( c) , but it's better to report in above said table
And in GSTR 1 need to be reported in table 4 by clicking the option RCM Applicable therein.
Note : In 3B it can be also reported under 3.1 ( c) , but it's better to report in above said table
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