Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Reverse charges

21 September 2017

i paid 5% reverse charges on behalf of my transporter in Gstr 3b.

ow what is the procedure to claim it back and how??

pleaae guide.

Reply
Follow
Share

10 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 21 September 2017

You can claim it in GSTR 1, 2 and 3 returns after filed.

Not in GSTR 3B. We can add it on Liability head also it comes RCM under Payment column

Upgrade to CAclubindia Pro. Subscribe Now!

Mohammad Saghir Adil (87 Points)
Replied 21 September 2017

in which column of gstr 1 it ahould be mentioned??

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 21 September 2017

You ll be show it in GSTR 2,,,

The transporter is Registered show it in GSTR 2 - 4A,

If URD show it in GSTR 2 - 4B

Mohammad Saghir Adil (87 Points)
Replied 21 September 2017

thanks alot Raja sir.now finally my doubt is cleared

1 Like

Mohammad Saghir Adil (87 Points)
Replied 21 September 2017

thanks alot Raja sir.now finally my doubt is cleared

Upgrade to CAclubindia Pro. Subscribe Now!

venkat (MANAGER- ACCOUNTS) (62 Points)
Replied 21 September 2017

Dear sir,

We are a distributor of pepsi soft drinks. We have purchased soft drinks from pepsico with excise invoice. But we don't have excise registration. We have only VAT Registration. We sale soft drinks to local retailer customers.

But we have lot of stocks as on 30.06.2017. we have found excise duty paid on closing stock 120000/-.( With bill)

Now we shall eligible for taken input credits? How to treat this type of credits? If we have got credit then how to distribute input credit to customers. Pls give me solution.

Thanking you,

Venkat

om AGRAWALLA (51 Points)
Replied 21 September 2017

at the time of challans for rcm the under which head the amount will be mentioned. I. e igst or cgst. transporter outside state

Girish Momaya (Tax consultant) (43 Points)
Replied 22 September 2017

You can claim ITC on GST paid under RCM by showing the same in Serial No.(3) Inward supplies liable to reverse charge, under Tile No.4 Eligible ITC in GSTR3B

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 22 September 2017

Originally posted by : Mohammad Saghir Adil
	thanks alot Raja sir.now finally my doubt is cleared

You are welcome Dear...

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 22 September 2017

Originally posted by : venkat
	Dear sir,We are a distributor of pepsi soft drinks. We have purchased soft drinks from pepsico with excise invoice. But we don't have excise registration. We have only VAT Registration. We sale soft drinks to local retailer customers.But we have lot of stocks as on 30.06.2017. we have found excise duty paid on closing stock 120000/-.( With bill)Now we shall eligible for taken input credits? How to treat this type of credits? If we have got credit then how to distribute input credit to customers. Pls give me solution.Thanking you,Venkat

If you have Excise Invoices then you ll be filr TRAN 1 FORM and Take as ITC