GST ON RCM BASIS
This query is : Resolved
NIRMAL SONI
(Querist)
13 March 2020
How GST on RCM works?
1. We pay GST for Security services on RCM basis
2. We show this in GSTR 3B- TABLE 3 AND TABLE 4
3. Now where the credit goes? Is it added to ITC ledger or Cash ledger?
Am I able to claim it or Its like a burden to Assesee?
1. We pay GST for Security services on RCM basis
2. We show this in GSTR 3B- TABLE 3 AND TABLE 4
3. Now where the credit goes? Is it added to ITC ledger or Cash ledger?
Am I able to claim it or Its like a burden to Assesee?
CA R SEETHARAMAN
(Expert)
13 March 2020
It's added to ITC ledger and you will be able to claim it. It's not a burden.
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