REVERSE CHARGE REGARDING 3B GSTR RETURN
Query (Issue) Started By: – nandankumar roy Dated:- 17-8-2017 Last Reply Date:- 17-8-2017 Goods and Services Tax – GST
Got 1 Reply
GST
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
\nReply By Vamsi Krishna:
\nThe Reply:
\nRCM can be availed for both Intra & Inter state supplies.
\nLiability of GST payable under reverse charge must be calculated as under:
\nIdentify the purchases made from unregistered persons to determine the reverse charge liability
\na) Segregatin<\/p>\n
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\ni) Identifying the classification code for such supplies
\nj) Apply the appropriate rate of tax and compute GST payable on purchases from
\nunregistered persons;
\nk) Identify supplies notified to be taxable under reverse charge. For ex: advocates, GTA,
\nsponsorships;
\nl) Identifying the classification code for such supplies;
\nm) Apply the appropriate rate of tax and compute GST payable on notified supplies under
\nreverse charge;
\nn) In case of e-commerce operator the above calculation needs to be done for shifting of
\ncharge also.
\no) Raise a consolidated monthly invoice mentioning all the taxable supplies subject to
\nreverse charge as per the mandatory requirement of a tax invoice.
\nOnce the above calculation is performed, total taxabl<\/p>\n
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