RCM

This query is : Resolved

MAHESHA R (Querist)
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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

CA Anita Bhadra

CA Anita Bhadra (Expert)
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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.

MAHESHA R

MAHESHA R (Querist)
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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

Lekhraj sood

Lekhraj sood (Expert)
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18 December 2020 Doesn't matter. You can take the credit even if more than 10%.

CA Anita Bhadra

CA Anita Bhadra (Expert)
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18 December 2020 Yes, keep your books of accounts reconciled and go ahead with taking eligible credit irrespective of the warning msg.

MAHESHA R

MAHESHA R (Querist)
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18 December 2020 ok thank very much for

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