GST RCM TURNOVER IN GSTR 3B

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Accountant
35 Points Posted on 06 July 2021

Dear sir/madam,

We are providing commission service to NBFC banking sectors. We have to entity one in proprietorship and one is Pvt Ltd, in company we charging GST and collecting and showing in GSTR 3B returns. But, in proprietorship we are not charging GST because of RCM applicability, here we are filling GSTR 1 and showing B2B invoices and in GSTR 3B we are filling Nil returns, because there is no option to show the turnover. 

Kindly advice me on this is it correct or wrong GSTR 3B we are filling in Proprietorship concern.

Thanks & Regards

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On 06 July 2021 at 11:58 Report
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Quick Summary
This discussion addresses how to correctly report turnover for services subject to GST Reverse Charge Mechanism (RCM) in the GSTR 3B return. While RCM supplies are taxable, the recipient pays the tax, not the supplier. The correct method is to declare this turnover under Table 3.1(a) as taxable turnover, even if the GST amount is zero or a nominal value like 0.1 is entered to satisfy portal requirements. Filing a nil return for RCM turnover is not ideal but may not have adverse effects.

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Accounting & Investments
100 Points Posted on 06 July 2021
In 3B you can show that amount in exempt column
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On 06 July 2021 at 16:17
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GST Practitioner
55067 Points Posted on 06 July 2021
Yes in 3B you can show under table 3.1 (c) exempted turnover.

But RCM supply is not an Exempted supply ,
it's only the burden of tax is to pay is shifted from supplier to Recepient. So it's Taxable Supply . Thus report it in table 3.1(a) Taxable turnover . in tax tab put 0.1 value else will not accept the value in taxable tab.
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On 06 July 2021 at 23:41
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GST Consultant
15986 Points Posted on 07 July 2021
This is a limitation in gstr3b in portal. Best to show turnover in 3.1(a) and show 0.1 gst.
The practice of filing nil return will also not have adverse impact. But start showing in 3.1(a) from next return onwards.
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On 07 July 2021 at 00:41

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