Dunaboyina subrahmanyam (accounts ) (67 Points)
21 December 2020Hi, Good Morning All, We have supplied services ( Security Guard Services) under RCM Basis. Now We have to report in GSTR 3B. Where we show Outward suppliers under RCM In GSTR 3B ? Please suggest.
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4825 Points)
Replied 21 December 2020
outward RCM supplies, is supposed to be disclosed in GSTR 1 with RCM - Y option.
In GSTR 3B this could be shown in Table 3.1.c - (c) Other outward supplies (Nil rated, exempted).
Alternatively, can be disclosed in Table 3.1.a - but if no taxes are disclosed the portal does not allow to go forward. (may consider Re. 1 ad-hoc value to avoid system issue).
Important to note - ITC in relation to such outward supplies is to be reversed as per Rule 42 & 43
Divyam Agarwal
(Practicing Chartered Accountant)
(959 Points)
Replied 21 December 2020
CAclubindia
