Dear All,
We are rending security services and we is to charge 18% before RCM. Now RCM has implemented so we do not charge GST. But we say RCM "yes" in invoice.
Same I want to upload in GSTR1. How shall I upload?
Option -1
Tick yes to RCM and put taxable value at 0%, then file the return
OR
Option-2
Tick yes to RCM and put taxable value under 18%, because actual rate of security charges is 18%.
Please let me know which option I need to follow.
| Originally posted by : Prateik Jain | ||
 |
Option-2,Since Your taxable supply chargble @ 18%with a YES on RCM. |  |
Thank you for your reply. If we show value at 18%, tax liability will not arise for the supplier?
No will not arise,
in this case total invoice value will be equal to taxability value but gst portion will not be considered that is for department information
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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