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Reverse charge claim itc or not


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Querist : Anonymous

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Querist : Anonymous (Querist)
19 August 2017 i have purchase goods from unregistered person around 1486129 value and gst @ 5% 74306 rs value.
outward supply 1600759 /- gst @ 5% 80038 . pls suggest me what will be tax liability in july month. can i claim itc of reverse charge goods or not pls tell me......

19 August 2017 If you have paid 74306 in July you can deduct it from 80038 and pay the balance before 20th August.

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 August 2017 TAX PAYABLE FORMULA = (OUTPUT TAX LIABILITY +TAX PAYABLE UNDER REVERSE CHARGE)-INPUT TAX CREDIT AVAILED FOR THE MONTH OF JULY




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Querist : Anonymous

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Querist : Anonymous (Querist)
19 August 2017 PURCHASE GOODS UNDER REVERSE CHARGE ...............

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 August 2017 THAN I THINK TAX PAYMENT WOULD BE 154344/-

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 August 2017 THAN I THINK TAX PAYMENT WOULD BE 154344/-

19 August 2017 No the tax payable=tax payable under RCM+(out put tax payable-itc)
Tax payable=74306+(80038-74306)
Tax payable=80038.

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Querist : Anonymous

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19 August 2017 I have an old stock up to 30 June around 35 lac all stock purchase from Unregistered person(farmar) 3 % tax in that time now has been increased by 5% than how to adjustment of stock nd pay tax . is it reflected 3B return or not




20 August 2017 Pay stock held under RCM and report in 3b.

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 August 2017 What will be rate of tax while payment of tax of old stock 3% or 5%?

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 August 2017 dear sir still waiting ur reply



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