Mr. B Ltd is a GTA services provider, Mr. B issued GST invoice on Reverse charge basis, total sale of service during the month april 2021 is Rs.200000+5% GST on reverse charge basis,
Query 1:- B Ltd is required to report the SAC (Service Accounting Code) summery of outward supply on reverse charge in table 12 of GSTR 1?
Query 2:- if yes While reporting such SAC summery in table 12, we need to report both taxable value Rs.200000 and 5% GST on Rs. 200000 or only Rs.200000?
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GST table 12 query
Replies (3)
1/ Yes B Ltd required to put SAC Code in GSTR 1.
2/ B Ltd is GTA. Your Taxable value and Invoice valu is same i.e. Rs 200000/-. In table no 12 of GSTR 1 you only mention taxable value coloum you put rs 200000/-. in other coloun i.e IGST, cgst and sgst no need to put any amount.
2/ B Ltd is GTA. Your Taxable value and Invoice valu is same i.e. Rs 200000/-. In table no 12 of GSTR 1 you only mention taxable value coloum you put rs 200000/-. in other coloun i.e IGST, cgst and sgst no need to put any amount.
Sir one more doubt what about in case hsn wise summery in case of zero rate supply like export/SEZ supplies with/without payment of tax, we need to mention only Taxable value or bothe taxable value and tax amount?
only taxable value. but if you charge tax in your invoice then u should be reported tax amount
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