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Self invoicing under reverse charge
If we purchase goods/ services on which GST is paid under reverse charge, do we need to do self invoicing for these purchases and show them in GSTR 1 ?
Replies (6)
there is no need for that. presently only few goods/services are attracting rcm. you can just create a ledger in current assets of RCM Paid and do your accounting.
Self invoicing needs to be done in cases where RCM is applicable and the supplier is unregistered.
is self invoicing manadatory ??
Yes it is mandatory.
Because gstr 2 is not required therefore such invoices have not been filed but still they are mandatory
Thank you !!
Self Invoicing is mandatory under RCM cases. [ SECTION 9(3) and 9(4) of the CGST Act 2017 ].
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