Purchase under reverse charge

516 views 19 replies
User Avatar

student
36 Points Posted on 24 October 2017

Purchased from unregistered dealer. Value on the bill given by him is 10000. It attracts 5% under reverse charge

In GSTR2 under table 4B, what will be my taxable value and invoice value. Should the invoice value be the same as given in the bill produced by him or should it be 10000+5%?  Please reply

1 Reply Share Follow
On 24 October 2017 at 21:50 Report
Replies (19)
User Avatar

"Do the Right Thing...!!!"
128152 Points Posted on 24 October 2017
yes....
10000 + 5%.....
Reply
On 24 October 2017 at 22:21
User Avatar

propriter
30 Points Posted on 24 October 2017
yes 10000 and next column5%
Reply
On 24 October 2017 at 22:37
User Avatar

student
36 Points Posted on 24 October 2017
But the invoice generated has only 10000 on it
Reply
On 24 October 2017 at 22:39
User Avatar

student
36 Points Posted on 24 October 2017
But the invoice generated has only 10000 on it
Reply
On 24 October 2017 at 22:39
User Avatar

student
36 Points Posted on 24 October 2017
So how can the invoice value be 10000+5%
Reply
On 24 October 2017 at 22:41
User Avatar

"Do the Right Thing...!!!"
128152 Points Posted on 24 October 2017
That is RCM...
In case it's from registered dealer then he ll be charge 10k + 5% tax....
Reply
On 24 October 2017 at 22:43
User Avatar

student
36 Points Posted on 24 October 2017
He is unregistered so there is not tax value in invoice. My doubt is what is the invoice value to be entered
Reply
On 24 October 2017 at 22:49
User Avatar

Chartered Accountant
86505 Points Posted on 24 October 2017
No need to show invoice value for RCM in GSTR-2........

You have to give taxable value only..
Reply
On 24 October 2017 at 22:51
User Avatar

"Do the Right Thing...!!!"
128152 Points Posted on 24 October 2017
It's very bad....



Where is it show the Taxable value..?
Which is Taxable value from URD purchase...?
Reply
On 24 October 2017 at 22:54
User Avatar

propriter
30 Points Posted on 24 October 2017
rcm invoice mention na value 100000 and sgst 2.5% and cgst 2.5% correct
Reply
On 24 October 2017 at 22:56
User Avatar

"Do the Right Thing...!!!"
128152 Points Posted on 24 October 2017
Yes...
You are exactly correct Mr Shankar Yadav Sir....!!!
👍👍👍👍👍👍👍👍👍👍
Reply
On 24 October 2017 at 23:00
User Avatar

GST Consultant
15986 Points Posted on 24 October 2017
The invoice value which has to be entered is for the invoice generated by recipient so it will be taxable value + gst
1 Reply
On 24 October 2017 at 23:58
User Avatar

propriter
30 Points Posted on 25 October 2017
welcome Raja sir
Reply
On 25 October 2017 at 08:09
User Avatar

4 Points Posted on 27 October 2017
Hi guys I'm new here,,, I would like to know what is RSM and how it works,,, and when it is to be done,,, would anybody help,,,, even you guys can share link of that article where there is all information exists

Will be thankful to you guys
Reply
On 27 October 2017 at 09:22

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details