Latest Query & Reply

Where supplier is engaged in both taxable and exempted supply, where we have to disclose the restricted RCM while filing GSTR-3B return?

Reply

As mentioned in the query, taxpayer is supplying both taxable and exempt goods, as per Rule 42 of CGST Rules, 2017, ITC (RCM) needs to be reverse to the proportion of exempted supply of goods.

Such amount of reversal is to be shown under column 4(B)(1) of GSTR-3B.