Sir,
We entered gst on rental income under RCM while filling Aug 2017 gstr3b but paid tax and entered correctly in gstr 1. While going through annual return the rental income of Aug 2017 is shown both as taxable income and RCM . The amount is shown as - 28,800cgst and - 28,800 sgst . Do this means that I need to pay the amount again? please reply.
Thanks and Regards
Abi
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WRONG ENTRY ON RCM & ANNUAL RETURN
Replies (4)
You gave your place on rent or you are paying rent?
Amend that RCM Fiqures of rent to Zero in Annual Return .
The Fiqures is to be reported in Annual Return as per Books.
No it will not compute any tax liability
The Fiqures is to be reported in Annual Return as per Books.
No it will not compute any tax liability
Yes I have rented out the building.
Then nothing can be done now... rectify in subsequent month return..
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