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

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.