I am doing Carting business and 5% gst rate applicable on my business.
I was sales to client (B2B) rs. 1,000/- and gst rs.50/- on sales. and also provide transportation service of rs. 300/- to client on RCM basis. Transportation gst paid by client.
Question : 1) How to show transportation income rs 300/- in income tax return.
2) what treatment of transportation service in gst (GSTR 3B and GSTR 1).
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Treatment in income tax and gst
Replies (3)
1. Under Income from business & profession.
In GSTR 1, report it under table 4 (B2B) by clicking the option "RCM applicable" therein & in GSTr 3B report only sale amount Under table 3.1 (a)
In GSTR 1, report it under table 4 (B2B) by clicking the option "RCM applicable" therein & in GSTr 3B report only sale amount Under table 3.1 (a)
Agree with Mr Pankaj Sir reply
Thank you sir
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