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Rcm liablity where to show

RCM 270 views 2 replies

DEAR CCI EXPERTS,

PLZ HELP ME TO SOLVE FOLLOWING QUERY

INCASE OF WE AS SERVICE RECEIVER AND LIABLE TO PAY GST ON RCM BASIS THEN WHERE TO SHOW LIABLITY EFFECT IN BOTH UNDER GSTR-1 & GSTR-3B.

THERE IS NO COLUMN FOR INWARD SUPPLY FOR RCM IN GSTR-1

BUT DIRECT OPTION IN GSTR-3B TO PUT AMT OF TAX OF INWARD SUPPLY ON RCM BASIS,

 

Replies (2)

In GSTR-3B:

3.1 (d) Inward supplies (liable to reverse charge)

Fill taxable value and tax amount

4(A)(3) Inward supplies liable to reverse charge (other than 1 & 2 above)

Mention the amount of tax

In GSTR-1: No Treatment

Since it is an inward supply and GSTR-1 deals with details of outward supplies of goods or services

OK 

BUT THEN WHAT IS SELF INVOICE UNDER GST

SOMEONE SAYS WE HAVE TO PREPARE SELF INVOICE ON OUR NAME WHERE SERVICE RECEIVER AND PROVIDER GST NO. WILL BE SAME

HOW TO MAKE THIS TREATMENT THEN???

AND WHAT ABOUT ITC OF RCM??


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