RCM in GSTR 1

ayusmita

Tax consultant

5895 Points Posted on 21 November 2020

The supplier has to report in table 4b of Gstr1 outward supplies attracting tax on reverse charge basis
and the recipient has to report in table 3.1 (D) of gstr 3b inward supplies liable to reverse charges

sheik javid

student

281 Points Posted on 21 November 2020

Who is liable to pay ? receipient?

Shivam RC

Student

23693 Points Posted on 21 November 2020

Incase of Reverse Charge Mechanism ( RCM ), the Recipient is required to pay the tax and thereafter claim the ITC on it ( if eligible ).

sheik javid

student

281 Points Posted on 22 November 2020

Same in case if GTA

Pankaj Rawat

GST Practitioner

55067 Points Posted on 22 November 2020

Receptient not required to report RCM transaction in GSTR 1

sheik javid

student

281 Points Posted on 22 November 2020

But GTA people demanding to report in GSTR1 in order to claim ITC

nalina s

Student CA Final

44 Points Posted on 03 July 2023

WATS THE TREATMENT IF THE RCM EXPENSES IS A FOREIGN REMITTENCE- RCM ON THAT, WHERE TO SHOW IN GSTR - 1 - IN 3B WE WILL DECLARE IN 3.1 TABLE, BUT IN GSTR -1 WHERE SUCH EXPENSES TO BE SHOWN - ESPECIALLY FOREIGN PROF. CHARGES EXPENSES