TaxTMI 
TaxTMI 
RCM - liability to be discharged as per books or as per gstr2b
X X X X Extracts X X X X
X X X X Extracts X X X X
....CM - liability to be discharged as per books or as per gstr2b<br> Query (Issue) Started By: - Govinda Raju Dated:- 17-1-2022 Last Reply Date:- 22-1-2022 Goods and Services Tax - GST<br>Got 7 Replies<br>GST<br>Invoices (service/goods/GTA) from un-registered person to registered person - 1. We have to create liability under RCM and discharge our liability or pay just as per GSTR-2B. 2. RCM Invoice....
X X X X Extracts X X X X
X X X X Extracts X X X X
....s will be declared in GSTR-2B under RCM but not accounted by us in same month due to transit or delayed receipt of invoices from GTA provider/goods. - Still we have to discharge liability as per GSTR-2B or as per books or keep reco in our books and discharge liability as per GSTR-2B. 3. what about unregistered supplier/GTA invoices where it will not appear in GSTR-2B but will be accounted in bo....
X X X X Extracts X X X X
X X X X Extracts X X X X
....oks - we need discharge liability by adding value/tax in GSTR-2B - or pay just as per GSTR-2B. Reply By KASTURI SETHI: The Reply: See reply against Issue ID 117763. Reply By Shilpi Jain: The Reply: Discharge of liability under RCM is on the basis of the time of supply provision contained in sec 13(3) and 12(3) of the CGST Act. It is not based on the appearance in GSTR-2B. Reply By KASTURI SET....
X X X X Extracts X X X X
X X X X Extracts X X X X
....HI: The Reply: I agree with Madam Shilpi Jain. Reply By Govinda Raju: The Reply: Thanks Madam Shilpi Jain for your kind response and also to Mr. Kasturi Sethi. Regards GR Reply By Ganeshan Kalyani: The Reply: In this month system generated GSTR-3B the RCM ITC auto-populated based on GSTR-1/IFF of the supplier. Some transaction had taxable value alone and no GST. The table in 3B shown the re....
X X X X Extracts X X X X
X X X X Extracts X X X X
....d mark indicating more ITC taken than in GSTR-3B. This also need a reconciliation to be prepared and kept to answer to department query on the difference in ITC claimed in GSTR-3B self prepared and GSTR-3B system generated. Reply By CAHemanth Kumar: The Reply: Time of supply as per section 13(3) 1. Earlier of date of payment as entered in books or amount debited in bank account or 2. 61st day ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....from the date of invoice or any other document issued by the suppier. if it is not possible to determine the time of supply as above, ToS shall be the date of entry in the books of account of the recipient of supply: Irrespective of what it appears in GSTR-2B, RCM needs to be paid as per books and once we edit RCM liabilities in auto populated GSTR-3B, it may give u a warning red indication, we ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....need to keep details/reasons for the same. We may not know when dept will issue a sudden notice for system computed difference . Reply By Govinda Raju: The Reply: Thank you Mr. Ganeshan Kalyani and Mr. Hemanth Kumar.<br> Discussion Forum - Knowledge Sharing ....