Gst reverse charge

RCM 172 views 4 replies

rudra

tax consultant

22 Points Joined March 2019

for security service providers, let have example... raised a invoice to LIC for rs10000/- with gst 18% total -11800/- reverse charge applicable.

the gst is paid by LIC.. my question: point of security service provider: in gstr1 he declares 10000/- invoice value and select supply attract reverse charge. below he has to declare in 0% or 18%.... then comes to GSTR3b where he has to declare

Replies (4)

Pankaj Rawat

GST Practitioner

55062 Points Joined June 2017

Once you have selected the option *Supply Attract Reverse charge* Can select the 18% it will not going to add in your output liability.

But once you have raise bill for 11800/- ,. I assume that you have not shown GST of 1800/- separately on bill , then In GSTR 1 you have show taxable value 11800/- & total value 11800/-

In GSTR 3b , can report it in table 3.1 under Exempted supply

Sridhar

Tax Consultant

38 Points Joined September 2013

Hi Sir,

on 11th Feb 2019 HDFC bank levied a Late Fee of Rs 750 and GST of Rs 135 (18% of Rs 750) on my credit card bill the same Rs 750 was reversed with the credit on 12th Feb 2019 but bank says that the GST of Rs 135 cannot be reversed as per GST rules may i know is this true?

Thanks,

Sridhar