I have availed service from GTA in p.f.y and from October to march 2017 I am not paid tax on services availed under reverse charge but it shown in GSTR 3B under the exempt services.Now my question is can I
pay the tax with interest on such value of services in c.f.y. and claim input on taxes paid or not. please clarify.
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Reverse Charge on GTA which is shown in return as exmpt service
Replies (3)
Yes , you can ... , deposit with interest @ 18%
| 3.1 Details of Outward Supplies and inward supplies liable to reverse charge | |||||
| Nature of Supplies | Total Taxable value | Integrated Tax | Central Tax | State/UT Tax | Cess |
| 1 | 2 | 3 | 4 | 5 | 6 |
| (a) Outward Taxable supplies (other than zero rated, nil rated and exempted) | ₹ 12.00 | ₹ 1.00 | ₹ 1.00 | ₹ 1.00 | ₹ 12.00 |
| (b) Outward Taxable supplies (zero rated ) | ₹ 10.00 | ₹ 0.00 | ₹ 0.00 | ||
| (c) Other Outward Taxable supplies (Nil rated, exempted) | ₹ 0.00 | ||||
| (d) Inward supplies (liable to reverse charge) | ₹ 0.00 | ₹ 2.00 | ₹ 2.00 | ₹ 2.00 | ₹ 2.00 |
| (e) Non-GST Outward supplies | ₹ 0.00 | ||||
| 4. Eligible ITC | ||||
| Details | Integrated Tax | Central Tax | State/UT Tax | Cess |
| 1 | 2 | 3 | 4 | 5 |
| (A) ITC Available (Whether in full or part) | ||||
| (1) Import of goods | ₹ 10.00 | ₹ 10.00 | ||
| (2) Import of services | ₹ 0.00 | ₹ 0.00 | ||
| (3) Inward supplies liable to reverse charge (other than 1 &2 above) |
₹ 0.00 | ₹ 0.00 | ₹ 0.00 | ₹ 0.00 |
| (4) Inward supplies from ISD | ₹ 1.00 | ₹ 1.00 | ₹ 1.00 | ₹ 1.00 |
| (5) All other ITC | ₹ 0.00 | ₹ 10.00 | ₹ 10.00 | ₹ 0.00 |
Yes You can take ITC only RCM Payment
Not Interest Amt
Yes... You can show the RCM related details and Pay with Interest...
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