RCM Liability

subhagan sreerangam (7039 Points)

03 October 2018  

A Registref GSTIN dealer Sales of Rubber Sheet to Registered GSTIN dealer and Collected CGST ₹ 15000/-&SGST ₹ 15000/-.His Purchase from Unregistered Person the liability of CGST ₹14000/- & ₹14000/-.He Calculated the Tax liability ₹(15000-14000)=₹1000/- OUTPUT TAX LIABILITIES IN CGST AND SGST EACH +RCM of ₹ 14000 in each CGST & SGST.Total tax paid ₹15000+15000=₹30000/- Is it correct calculation.Pleas give clear clarification.