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Reverse charge input

RAVI KUMAR (ACCOUNTANT) (366 Points)

21 September 2017

I pay reverse charge last month. I will take rcm input this month. Which place I show in gstr - 3b

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4 Replies

RAJA P M ("Do the Right Thing...!!!") (128010 Points)
Replied 21 September 2017

No....
You can't take in GSTR 3B...

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RAVI KUMAR (ACCOUNTANT) (366 Points)
Replied 21 September 2017

Where I show

RAJA P M ("Do the Right Thing...!!!") (128010 Points)
Replied 21 September 2017

GSTR 1 2 and 3....
Also you ll check it in payments section....

RAVI KUMAR (ACCOUNTANT) (366 Points)
Replied 21 September 2017

3.2 Is Input Tax Credit allowed under Reverse Charge?

Tax paid on reverse charge basis will be available for input tax credit if such goods and/or services are used, or will be used, for business. The recipient (i.e., who pays reverse tax) can avail input tax credit.