sir,
please explain if URD Service Purchase above 50000/- each Bill Tax Applicable how show in GST1/ OR GST 3B RCM Paid after how showing for tax claim
rent paid URD person RCM calculation tax rate ? supposes his product dealing rate below 5% Gst
rent 18% RCM Pay
main product dealing rate 5% or below
For URD purchases and commercial rent, you must self-assess and pay 18% GST under RCM in Table 3.1(d) of GSTR-3B. You can then claim this as ITC in Table 4(A)(3) of the same return. Your output product's GST rate is independent of the RCM liability on these business expenses.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
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