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February 17, 2020 at 9:24 pm

Loan Recovery agent registered with gst.(as every registered person has to file gst retuns). then how to file gstr 3b ,gstr1 in case of recovery agent services as the tax is paid by banks(recepients), in which table should the taxable services provided by the recovery agent should be shown in the return filed by the service provider.

February 18, 2020 at 6:41 am

Dear Thangamuthu

As their services are chargeable under sec 9(3) on a reverse charge basis by the bank, recovery agent can file their GSTR 1 as typical B2B by clicking a option ” this supply attracts tax on reverse charge basis” on table 4A of GSTR 1. File GSTR 3B with no tax as well.

 

February 18, 2020 at 10:47 am

Thank for your reply sir and one more doubt is File GSTR 3B with no tax which column i entered i.e. outward supply (Nil Rated, Exempted) in GSTR 3B

February 18, 2020 at 11:55 am

Please declare that as taxable supply in GSTR 3B, if you directly enter these details in the portal, it wont allow you to leave the tax fileds as blank or zero. to circumvent that, you may enter 0.01 as value in Tax fields appropriately.