Reverse charge 9(4) where to show Gst r1 and Gstr2

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RK AND ASSOCIATES (Querist)
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16 September 2017 as per 3b we created liability of RCM and taken the ITC for same but now where I can show RCM purchase to create liability and to avail credit

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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17 September 2017 Show in GSTR-2 only........

RK AND ASSOCIATES

RK AND ASSOCIATES (Querist)
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17 September 2017 but madam how RCM liability is created in gstr2 as gstr2 will give us ITC

RK AND ASSOCIATES

RK AND ASSOCIATES (Querist)
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17 September 2017 Reverse charge is what?? 1)payment in advance of urd purchase 2)liabiliy-Itc No profit no loss

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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17 September 2017 You claim ITC for same in GSTR-2 & you have to settle such liability in GSTR-3 from cash balance. So no need to show it in GSTR-1/

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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17 September 2017 Also Such liability adjusted only from cash ledger not from ITC. So you have to deposit first in cash for same.

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Reverse charge 9(4) where to show Gst r1 and Gstr2

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