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Gst payment quary

Praveen Jain (Accounts Manager) (123 Points)

12 August 2017

I Have output liability of rs. 10000/- & rs. 5000/- for RCM.

Should i generate 2 challans for payment ??? or 1 challan is enogh for rs. 15000/- ???

should i pay before fillling the return ?? or i can pay after filling the return ???

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14 Replies

RAJA P M ("Do the Right Thing...!!!") (127140 Points)
Replied 12 August 2017

You should pay RCM related payment on the transaction date... But, you don't.

Now, You pay the Tax on Two challans. That only you can show it one is RCM another one is liability...

Praveen Jain (Accounts Manager) (123 Points)
Replied 12 August 2017

It is not possible for me to pay tax on transaction date because i am not getting freight bills from transporter on the time of delivery of goods.

I am getting all bills in 1st week after transaction month (i.e. july transactions bills in august 1st week)
but bills date is july and i made accounts entries as per bill date so i cant pay tax on transaction date.

RAJA P M ("Do the Right Thing...!!!") (127140 Points)
Replied 12 August 2017

No problem and don't worry.

If you receive the bill in August then you ll account it on received date then pay taxt on received date...

Praveen Jain (Accounts Manager) (123 Points)
Replied 12 August 2017

should we pay tax before fillling the return ?? or we can pay after filling the return ???

RAJA P M ("Do the Right Thing...!!!") (127140 Points)
Replied 12 August 2017

If you book the RCM related entries in July then you pay the RCM related Tax immeditely. The liability tax amount ll be pay on 20th August...

Praveen Jain (Accounts Manager) (123 Points)
Replied 12 August 2017

Where to show RCM basis expenses in GSTR 3B ??

RAJA P M ("Do the Right Thing...!!!") (127140 Points)
Replied 12 August 2017

4	Eligible ITC

	Details

	(A) ITC Available (whether in full or part)
	(1) Import of goods
	(2) Import of services
	(3) Inward supplies liable to reverse charge (other than 1 & 2 above)
	(4) Inward supplies from ISD
	(4) Inward supplies from ISD
	(5) All other ITC

RAJA P M ("Do the Right Thing...!!!") (127140 Points)
Replied 12 August 2017

PURCHASE FROM UNREGISTERED DEALER

(3) Inward supplies liable to reverse charge (other than 1 & 2 above)

Praveen Jain (Accounts Manager) (123 Points)
Replied 12 August 2017

Should fill RCM basis expenses on 3.1 (d) too ???

3.1 Details of Outward Supplies and inward supplies liable to reverse charge

Nature of Supplies	Total Taxable value (₹)	Integrated Tax (₹)	Central Tax (₹)	State/UT Tax (₹)	CESS (₹)
(a) Outward taxable supplies (other than zero rated, nil rated and exempted)
(b) Outward taxable supplies (zero rated )
(c) Other outward supplies (Nil rated, exempted)
(d) Inward supplies (liable to reverse charge)

RAJA P M ("Do the Right Thing...!!!") (127140 Points)
Replied 12 August 2017

Originally posted by : Praveen Jain
	Should fill RCM basis expenses on 3.1 (d) too ??? 3.1 Details of Outward Supplies and inward supplies liable to reverse charge Nature of Supplies Total Taxable value (₹) Integrated Tax (₹) Central Tax (₹) State/UT Tax (₹) CESS (₹) (a) Outward taxable supplies (other than zero rated, nil rated and exempted) (b) Outward taxable supplies (zero rated ) (c) Other outward supplies (Nil rated, exempted) (d) Inward supplies (liable to reverse charge) - (ITEM SPECIFIED IN SEC9(3) & SEC 9(4))