RCM invoices in GSTR1
This query is : Resolved
09 November 2019
Dear All,
We are rending security services and we is to charge 18% before RCM. Now RCM has implemented so we do not charge GST. But we say RCM "yes" in invoice.
Same I want to upload in GSTR1. How shall I upload?
Option -1
Tick yes to RCM and put taxable value at 0%, then file the return
OR
Option-2
Tick yes to RCM and put taxable value under 18%, because actual rate of security charges is 18%.
Please let me know which option I need to follow.
We are rending security services and we is to charge 18% before RCM. Now RCM has implemented so we do not charge GST. But we say RCM "yes" in invoice.
Same I want to upload in GSTR1. How shall I upload?
Option -1
Tick yes to RCM and put taxable value at 0%, then file the return
OR
Option-2
Tick yes to RCM and put taxable value under 18%, because actual rate of security charges is 18%.
Please let me know which option I need to follow.
26 November 2019
The correct method is to mention the rate of tax as 18% and mention Yes under RCM.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- LC charges in relation to Asset purchased should be Capitalised ?
- Copyright software
- Value of property in capital gain
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Regarding TDS Applicability For Director Remuneration
- Transporter Declaration form
- Multiple trade mark
- Sale Incentive booking
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
