Gst paid on rcm

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 February 2018 Where do we need to enter GST paid on the RCM basis in the GSTR1 and GSTR3B? Please tell the in which table we need to enter the same? Will it increase our total sales (B2CS)

Read more at: https://www.caclubindia.com/forum/gst-paid-on-rcm-448511.asp

Udaya Chandran

Udaya Chandran (Expert)
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12 February 2018 The details of RCM should be shown in GSTR 2 and GSTR 3B as well.

Querist : Anonymous

Querist : Anonymous (Querist)

12 February 2018 Can we claim the Credit in the same month? And what is the RCM rate for GTA service?

Expert : Anonymous

Expert : Anonymous (Expert)

12 February 2018 Rate of GST for GTA @ 5%.... You can avail the benefit of ITC in GSTR 3B... Also You ll show the details in GSTR 2 after its availability...

Udaya Chandran

Udaya Chandran (Expert)
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13 February 2018 Usually credit of RCM can be taken only after making payment in cash. In that case, you can take ITC on RCM in the next month.

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