Whether expenses to be reported even after deferment of rcm?

Save Share

This query is : Resolved

SHUBHANSHU USRETE (Querist)
Follow

08 December 2017 Hello Guys,
As we all know that in 23rd Council Meeting of GST the council decided to defer the RCM till March 2018 on expenses but while filing Form 3B of November'17 is it necessary to give details of every expenses on which RCM was charged earlier?
Please reply.

Thank You.

Arun Kumar Singh

Arun Kumar Singh (Expert)
Follow

08 December 2017 No need to pay GST under reverse charge system till 31st march 2018 goods covered under section 9(4) of the central goods and service tax act. you need to pay gst under RCM those services are covered under section 9(3) of the central goods and service tax act.

SHUBHANSHU USRETE

SHUBHANSHU USRETE (Querist)
Follow

08 December 2017 Thank you for your warm reply Sir, I got that we don't need to pay RCM on expenses cover under section 9(4) but the same expenses needs to be disclose in 3B of Nov'17 ?

Arun Kumar Singh

Arun Kumar Singh (Expert)
Follow

09 December 2017 No need to disclose if goods purchase from unregistered under reverse charge system but you need to pay GST and disclose the same on RCM which services are covered under section 9(3) of Central Goods and Service Tax Act

Message likes : 1 times

SHUBHANSHU USRETE

SHUBHANSHU USRETE (Querist)
Follow

09 December 2017 Ok thank you sir. :)

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!