I have made urd purchases worth RS.100000 in the month of july-17 applicable tax rate is 5%. How to treat the same in 3B I.e. do I need to pay RS.5000 tax on above for the
month of July and claim the credit in August or I need to just report urd purchases in July and nullify it in the same month
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How to treat URD purchases in GSTR-3B
Replies (4)
u pay the tax under rcm and claim the credit in next month
thank u
any rcm laibility paid in cash in same month can take the credit in same month
As everyone knows that Govt. deferred the concept of RCM till 31st March on purchases above Rs.5000/-. So my question is what if Dealer purchase any Goods of Rs.10000 or more from URD than where to show this purchases in GSR-3b or GSTR-2 and under which head?
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