RCM payment from UR and Registered suppliers 2B Vs books

[Govinda Raju]

HI,

Further to Notification number 40/2021, RCM reflecting in GSTR-2B only to be considered for books and liability to be discharged.

clarification is being sought as URD transporter value will not be reflected in GSTR-2B but we will be accounting an creating liability in books.

which value to be shown in our GSTR-3B as per 2B or as per books i.e. 2B values + URD transporter or URD suppliers values which is liable to RCM

AI Summary

Reverse charge mechanism liability must be recorded and paid as per books even if absent from GSTR-2B.
RCM liability must be recorded and paid by the recipient as per its books irrespective of whether the transactions appear in GSTR-2B; GSTR-2B is used to verify entitlement to claim input tax credit, while RCM payment and reporting in GSTR-3B should follow accounting records. For supplies from unregistered transporters the recipient must raise and upload a self invoice so the tax paid can be reflected for ITC, and taxpayers should retain supporting details when auto populated returns differ from book entries.