RCM on Directors


Varsha (Manager - Finance & Accounts)     09 October 2019

Varsha
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sirs/madam,
I have a query, our company director has registered in GST portal and he raises invoices to the company under RCM. now how and where is he suppose to show this RCM in his returns ? GSTR 1 and 3B, please advise.

RAJA P M ("Do the Right Thing...!!!")     09 October 2019

RAJA P M
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In GSTR 1 under b2b with tick in "reverse charge attract "

in GSTR 3B under exempted supplies...

Varsha (Manager - Finance & Accounts)     09 October 2019

Varsha
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Thank you sir, GSTR 1 after ticking Reverse Charge Attract" what rate of GST to opt? Zero ?

avater

Divakar (Student CA Final )     09 October 2019

Divakar
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Actual rate applicable on that service i.e 18%...it is aaded in liability of company after ticking in reverse charge applicable

Varsha (Manager - Finance & Accounts)     09 October 2019

Varsha
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Okay sir, wont it show to director as liability to pay if taken as 18%?

avater

Divakar (Student CA Final )     09 October 2019

Divakar
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As u r ticking in rcm box...then it is automatically transfered in company liability

Varsha (Manager - Finance & Accounts)     10 October 2019

Varsha
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Okay, thank u so much


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