R c m paid
This query is : Open
09 October 2017
DEAR SIR,
I HAVE PAID GST ON URD PURCHASES WITH TAXABLE SALES IN MONTH OF JULY. IN FORM GSTR 1 WE HAVE TO ENTER TURNOVER IN B2C COLUM INCLUDING GST PAID ON RCM BASIS
I HAVE PAID GST ON URD PURCHASES WITH TAXABLE SALES IN MONTH OF JULY. IN FORM GSTR 1 WE HAVE TO ENTER TURNOVER IN B2C COLUM INCLUDING GST PAID ON RCM BASIS
09 October 2017
No details of tax paid under RCM to be given in GSTR-1
09 October 2017
Dear Raghavendra.,
Actually your query is not cleared. Bcoz, you said "URD Purchase" with "Taxable Sales"..... It's show your confusion...
1. Your purchase taxable goods from URD and it's above 5k limit then you ll be pay Tax under RCM basis...
If it's less than 5k then no need RCM liability.... In case you bought RCM related purchase then you ll be show it in GSTR 2....
09 October 2017
Cont...
Your RCM related purchase show in GSTR 2. Then it's the end of inward supplies return. You don't want show it in GSTR 1. Any purchases if it's taxable, non-taxable, exempted, nil rated, under RCM and Composition...
So, File your return with full confidence and without mistakes.
Note: Inward supplies not ll be shown in GSTR 1.....
10 October 2017
THANK YOU MADAM/ SIR,
THANK YOU FOR YOUR KIND REPLY, SIR MY DOUBT IS CLEARED FROM YOURS REPLY SIR, ONE OF MY CLIENT IS OWN JEWELLERY SHOP, I HAVE SHOWN TURNOVER IN 3B RETURN TAXABLE SALES AT 3% AND GST PAID FOR URD PURCHASES SO I HAVE PAID TAXES INCLUDING URD PURCHASES, SO I THOUGHT THAT IF WE HAVE PAID GST ON PURCHASES NOW I SHOULD SHOWN IN GSTR 1 RETURN
THANK YOU FOR YOUR KIND REPLY, SIR MY DOUBT IS CLEARED FROM YOURS REPLY SIR, ONE OF MY CLIENT IS OWN JEWELLERY SHOP, I HAVE SHOWN TURNOVER IN 3B RETURN TAXABLE SALES AT 3% AND GST PAID FOR URD PURCHASES SO I HAVE PAID TAXES INCLUDING URD PURCHASES, SO I THOUGHT THAT IF WE HAVE PAID GST ON PURCHASES NOW I SHOULD SHOWN IN GSTR 1 RETURN
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10 October 2017
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