I have purchased from party but the supplier has not update in gstr1 and he will not update or amend in future too but I have taken them entry of stock in this case I am not claiming itc for the same so I need to show it as urd purchase and file rcm or not as he is register party.
if available help with the section too.
Menu
Bill not uploaded
Replies (6)
Quick Summary
If your vendor is a registered person, he should furnish the details of supply made to you in his GSTR1 whether the GST is required to be paid under forward charge or reverse charge. Did he issued any tax invoice to you?
Updation in gstr 1 is mandatory
Does your supplier fall in quarterly return if the same is the case then you will be having credit of the same in subsequent months
No need to pay RCM. Expense the whole invoice in your books of accounts
He has provide me the invoice but further will no upload the bill so to pay rcm or not
No need to pay any tax under RCM
Recent Topics :
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
Related Topics :
CAclubindia
