HOW PAY RCM AND REVERSE IT .PLEASE CLEAR THE ENTRY OF THIS TRANSACTION.
AND
HOW SHOW IN GSTR 3B .
Menu
HOW PAY RCM AND TAKE ITC
Replies (2)
You can visit this link for detailed information
https://www.cbec.gov.in/resources//htdocs-cbec/gst/reverse-charge-mechanism-08aug2017.pdf
I DID NOT UNDERSTAND BY THIS LINK .
IF I PURCHASE GOODS OF RS .10000/- FROM AN UNREGISTERED DEAR AND I DEPOSIT OR CALCULATE 1800/- OF CGST AND SGST ON THIS URD PURCHASE .
HOW I WILL TAKE ITC OF RS.1800/-AND REDUCE IT IN PAYABLE GST .
FOR AN EXAMPLE :
CGST PAYABLE ON URD PURCHASE -900
SGST PAYABLE ON URD PURCHASE-900
LESS- RCM ON URD PURCHASE CGST-900
LESS- RCM ON URD PURCHASE SGST-900
BALANCE PAYABLE -00
IS THIS IS CORRECT WAY OR NOT ?
PLEASE EXPLAIN .
IF I PURCHASE GOODS OF RS .10000/- FROM AN UNREGISTERED DEAR AND I DEPOSIT OR CALCULATE 1800/- OF CGST AND SGST ON THIS URD PURCHASE .
HOW I WILL TAKE ITC OF RS.1800/-AND REDUCE IT IN PAYABLE GST .
FOR AN EXAMPLE :
CGST PAYABLE ON URD PURCHASE -900
SGST PAYABLE ON URD PURCHASE-900
LESS- RCM ON URD PURCHASE CGST-900
LESS- RCM ON URD PURCHASE SGST-900
BALANCE PAYABLE -00
IS THIS IS CORRECT WAY OR NOT ?
PLEASE EXPLAIN .
Recent Topic
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
- Composition scheme
- Input tax credit under igst under insurance compan
- ITR Form to be used
Related Topics
CAclubindia
