RCM
This query is : Resolved
18 December 2020
Kindly advise we are manufacturer and taken service of Transport Service from our factory to customer factory , he has issued bill but not registered under GST
Whether we are required to file GST UNDER RCM or not
Kindly advise
Whether we are required to file GST UNDER RCM or not
Kindly advise
18 December 2020
In case, the transporter is GTA and issued a consignment note. You are liable to pay GST under RCM irrespective of the fact whether GTA is registered or not.
18 December 2020
Yes madam but when i go to enter the amount in Nov-2020 GSTR3B the system is showing as per below error message.
Note : The information entered by you is in variance (>10%) with the auto-populated data. The input tax credit/reverse charge liability has been auto-populated on the basis of the GSTR-2B generated for you. Also, please note that any variance above 10% of the input tax credit in contravention to Rule 36(4) of the CGST Rules, 2017. Kindly recheck and proceed.
Kindly advise in this regard
Note : The information entered by you is in variance (>10%) with the auto-populated data. The input tax credit/reverse charge liability has been auto-populated on the basis of the GSTR-2B generated for you. Also, please note that any variance above 10% of the input tax credit in contravention to Rule 36(4) of the CGST Rules, 2017. Kindly recheck and proceed.
Kindly advise in this regard
18 December 2020
Doesn't matter. You can take the credit even if more than 10%.
18 December 2020
Yes, keep your books of accounts reconciled and go ahead with taking eligible credit irrespective of the warning msg.
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