fnatic fan (4 Points)
18 November 2024How can I make an entry for the below Google invoice? The invoice mentions that "Tax for this invoice is payable under reverse charge."
Google deducted Rs. 290 from my account. So should I take Rs. 290 + 18% IGST as RCM Entry?
Also, will it come under Import of Services or Inward Supplies liale to Reverse Charge row in Table 4 of GSTR3B?
Note - The invoice is created by a company based in Singapore with GST No. starting with '99'
Google invoice Link
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195259 Points)
Replied 18 November 2024
The total amount of Rs. 290 + Rs. 52.20 (18% IGST) should be reported under the "Inward supplies liable to reverse charge".
fnatic fan
(4 Points)
Replied 18 November 2024
Hi @ Dhirajlal Rambhai, can you please explain to me why the entry won't be reported under "Import of Services"? Since the company supplying the service is based in Singapore with GST No. starting with '99'.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195259 Points)
Replied 19 November 2024
Check the bill, place of supply is State: 27 I.e. Maharashtra. When the supplier is having local representation in India, billing done in indian currency, it cannot be called import of service, so in broader sence it is inward supplies.
CAclubindia
