Inward supplies from Unregistered Dealer

[ABHILASH PANICKER]

Dear All,

Inward Supplies from Unregistered Dealer (RCM) - How its to be Auto populated in GSTR-2B. Only registered dealer (RCM) is appearing, how be taken the input back on unregistered dealer.

 

rgds

[Shilpi Jain]

Unregistered dealer related RCM ITC - can be taken on payment of tax in GSTR-3B. this will not appear in GSTR-2B or IMS

[Sadanand Bulbule]

In respect of RCM liability, the recipient has to raise a self-invoice and tax amount is to be paid in cash. As such it can not reflect in GSTR-2B.

AI Summary

Reverse charge mechanism: Input tax credit allowed only after payment and self invoice; not auto populated in GSTR 2B.
Reverse charge on inward supplies from unregistered dealers requires the recipient to raise a self invoice, pay tax in cash and claim input tax credit only after payment; such RCM ITC will not be auto populated in GSTR 2B or IMS but can be reflected in the return where tax payment (e.g., GSTR 3B) is declared.