GST RECONCILATION OF OUTWARD SUPPLY SALES GSTR1 WITH ACCOUNTS

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71 Points Posted on 23 June 2020

Dear Sir,

COMPANY IS  ENGAGED IN EXPORT OF PHARMA GOODS (MANUFACTURER & EXPORTER)

IN GSTR1 FOB VALUE IS ENTERED . BUT IN ACCOUNTING C&F VALUE IS SHOWN .

EX. 1000 FOB

FREIGHT 100

C&F VALUE 1100  . IN ACCOUNTS C&F VALUE ARE SHOWN.

IN GSTR1 TAXABLE VALUE 1000 IS ENTERED.

KINDLY ADVISE

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On 23 June 2020 at 13:56 Report
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33 Points Posted on 23 June 2020
This is basically issue because of freight. we should have to pay GST under RCM if transporter has not given any diclairation about the trucks he owned (check the limit and asked for conformation) if you have that declaration than in that case you dont have to pay GST under RCM also. as per this if it attracts GST Than it shown under RCM liability.
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On 23 June 2020 at 19:10

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