Goods and Services Tax – Started By: – nandankumar roy – Dated:- 17-8-2017 Last Replied Date:- 17-8-2017 – PL CLARIFY IN SHORT REGARDING 3B GSTR RETURN EARLIER SHOWN AT POINT 3 (D) FIGURE REVERSE CHARGE OF GTA AND URD PUR GST AMT CAN BE TAKEN AS ELIGIBLE ITC AT POINT 4(3) IN CASE OF MFG UNIT AND GST WHETHER IT WILL BE ONLY ON CGST AND SGST OR CAN BE BE SHOWN IN IGST. REGARDS, N K ROY – Reply By Vamsi Krishna – The Reply = RCM can be availed for both Intra & Inter state supplies. Liability of GST payable under reverse charge must be calculated as under: Identify the purchases made from unregistered persons to determine the reverse charge liability a) Segregating the above purchases into inter-state and intra state supplies; b) Remove th
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rate of tax and compute GST payable on purchases from unregistered persons; k) Identify supplies notified to be taxable under reverse charge. For ex: advocates, GTA, sponsorships; l) Identifying the classification code for such supplies; m) Apply the appropriate rate of tax and compute GST payable on notified supplies under reverse charge; n) In case of e-commerce operator the above calculation needs to be done for shifting of charge also. o) Raise a consolidated monthly invoice mentioning all the taxable supplies subject to reverse charge as per the mandatory requirement of a tax invoice. Once the above calculation is performed, total taxable value and tax on inward supplies liable under reverse charge must be disclosed in Form GSTR 3B. –
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