I Have output liability of rs. 10000/- & rs. 5000/- for RCM.
Should i generate 2 challans for payment ??? or 1 challan is enogh for rs. 15000/- ???
should i pay before fillling the return ?? or i can pay after filling the return ???
I Have output liability of rs. 10000/- & rs. 5000/- for RCM.
Should i generate 2 challans for payment ??? or 1 challan is enogh for rs. 15000/- ???
should i pay before fillling the return ?? or i can pay after filling the return ???
You should pay RCM related payment on the transaction date... But, you don't.
Now, You pay the Tax on Two challans. That only you can show it one is RCM another one is liability...
It is not possible for me to pay tax on transaction date because i am not getting freight bills from transporter on the time of delivery of goods.
I am getting all bills in 1st week after transaction month (i.e. july transactions bills in august 1st week)
but bills date is july and i made accounts entries as per bill date so i cant pay tax on transaction date.
No problem and don't worry.
If you receive the bill in August then you ll account it on received date then pay taxt on received date...
should we pay tax before fillling the return ?? or we can pay after filling the return ???
If you book the RCM related entries in July then you pay the RCM related Tax immeditely. The liability tax amount ll be pay on 20th August...
Where to show RCM basis expenses in GSTR 3B ??
| 4 | Eligible ITC |
| Details | |
| (A) ITC Available (whether in full or part) | |
| (1) Import of goods | |
| (2) Import of services | |
| (3) Inward supplies liable to reverse charge (other than 1 & 2 above) | |
| (4) Inward supplies from ISD | |
| (4) Inward supplies from ISD | |
|
(5) All other ITC |
PURCHASE FROM UNREGISTERED DEALER
(3) Inward supplies liable to reverse charge (other than 1 & 2 above)
| Nature of Supplies | Total Taxable value (₹) | Integrated Tax (₹) | Central Tax (₹) | State/UT Tax (₹) | CESS (₹) |
|---|---|---|---|---|---|
(a) Outward taxable supplies (other than zero rated, nil rated and exempted) |
|||||
| (b) Outward taxable supplies (zero rated ) | |||||
| (c) Other outward supplies (Nil rated, exempted) | |||||
| (d) Inward supplies (liable to reverse charge) |
| Originally posted by : Praveen Jain | ||
 |
Should fill RCM basis expenses on 3.1 (d) too ??? 3.1 Details of Outward Supplies and inward supplies liable to reverse charge Nature of Supplies Total Taxable value (₹) Integrated Tax (₹) Central Tax (₹) State/UT Tax (₹) CESS (₹) (a) Outward taxable supplies (other than zero rated, nil rated and exempted) (b) Outward taxable supplies (zero rated ) (c) Other outward supplies (Nil rated, exempted) (d) Inward supplies (liable to reverse charge) - (ITEM SPECIFIED IN SEC9(3) & SEC 9(4)) |
 |
It means i need to fill RCM related expenses on colom 3.1 (d) & 4A (3).
am i right ??
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