GTA RCM DEALING WITH GSTR3B

[venkata rao]

GTA RCM GSTR-3B AUTO POPULATED

GTA Assesse filing GSTR-1 by tickmarking revers charge mechanism invoices and filing the return that is GSTR-1. It is a known fact that the figures in GSTR-1 get auto populated in GSTR-3B ( both taxable value as well as tax payable values) and as a customary GSTR-3B is filed nil. Whilso I came to know that to balance the taxable value in GSTR 1 and GSTR-3B, I have got to file GSTR-3B by inserting taxable value in column removing the tax figures in column 3,4,5 of the concerned column( due to RCM) now the issue is wheather taxable VALUE is to be filled under in 3.1 (a) or 3.1(d) of GSTR-3B.

I this regard I could even face issues pertaining to DRC-01B also.

Kindly clarify

[Charu Tyagi]

You have to show the taxable value in table 3.1(a) as 3.1(d) is for inward supply liable to reverse charge, therefore services by GTA to registered person is it's outward supply so the same has to show in table 3.1(a)

[Shilpi Jain]

Agree that this has to be shown in 3.1(a) as it is outward supply.

There will not be a difference in GSTR-1 and GSTR-3B since you would select the option of 'payable under RCM' in GST-1.

[Padmanathan KV]

It is high time, a separate column is introduced in GSTR-3B for declaring outward supplies on which tax is paid by recipient.

Until then you will have to declare in Column 3.1.a of GSTR-3B and at time time of filing annual return, it must be declared in Column 5C of GSTR-9.

AI Summary

Reverse charge mechanism: report GTA outward supplies in GSTR-3B column 3.1(a) to reflect taxable value. Where goods transport agency services are subject to the reverse charge mechanism, the taxable value should be declared in the GSTR-3B field for outward supplies so that GSTR-1 (with invoices marked payable under RCM) reconciles with GSTR-3B; taxpayers must report the transaction in the outward-supply field and reflect it in the annual return, while remaining alert to related compliance filings concerning recipient-paid tax liabilities.