Query regarding GST paid on Foreign Remittance under RCM. we have accounted GST under RCM for a payment made to foreign company which is not registered under GST. Now while submitting the GSTR 1 where we have to show the transaction (under Table 7 & Table 5) and what is the POS for the transaction.
Read more at: https://www.caclubindia.com/forum/foreign-urd-rcm-gstr-1-returns-519918.asp?offset=1
Read more at: https://www.caclubindia.com/forum/foreign-urd-rcm-gstr-1-returns-519918.asp?offset=1
Query regarding GST paid on Foreign Remittance under RCM. we have accounted GST under RCM for a payment made to foreign company which is not registered under GST. Now while submitting the GSTR 1 where we have to show the transaction (under Table 7 & Table 5) and what is the POS for the transaction.
Read more at: https://www.caclubindia.com/forum/foreign-urd-rcm-gstr-1-returns-519918.asp?offset=1
Read more at: https://www.caclubindia.com/forum/foreign-urd-rcm-gstr-1-returns-519918.asp?offset=1
Query Regarding GST accounted on Foreign Remittance under RCM for a INWARD supply, we have accounted GST under RCM for a payment made to foreign company which is not registered under GST. Now while submitting the GSTR 1 whether we have to consider the transaction or not. If we DO NOT consider in GSTR 1 and consider the same in GSTR 3B then the tax liability differs from GSTR 1 to GSTR 3B.
How to deal with the case.
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