Dear Sir, As per Sec 31(3)(f), If a GTA is Registered under GST and GST is paid under RCM , Self invoice should not be prepared by recipient . Am i right sir ??
2) The contents of self invoice has been mentioned in which Rule ?? Pls clarify
3) Can we prepare Consolidated Self Invoice ??
4) Consequences of not preparing self invoice ?? i.e Is it mandatory to prepare self invoice ??
Frah Saeed Answered question May 17, 2020
- As per Sec 31(3)(f) , self invoice required to be issued only if supplier is unregistered.
2. Normal Rule viz Rule 46 will apply.
3. As per 2nd proviso to Rule 46 , consolidated self invoice can be raised only in 9(4) cases.
4. Consequences may be no ITC as ITC as per Rule 36 in RCM cases is based upon self invoice , subject to payment of tax. Penalty can also be levied seperately.
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Frah Saeed Answered question May 17, 2020