Igst plenty
This query is : Resolved
11 July 2019
Sir,
We have paid Extra tax Rs.5400/- and plenty Rs.5400/- due to less quantity of bill now the electronic cash ledger balance shows Rs.10800/- Can we pay RCM through this balance which is show in Cash ledger
Sir,
We have paid Extra tax Rs.5400/- and plenty Rs.5400/- due to less quantity of bill now the electronic cash ledger balance shows Rs.10800/- Can we pay RCM through this balance which is show in Cash ledger
11 July 2019
No , You can not do that .
As per Section 9(3) and 9(4), the businesses cannot adjust RCM with ITC. You have to debit your cash ledger, in other words, you have to pay the RCM amount.
As per Section 9(3) and 9(4), the businesses cannot adjust RCM with ITC. You have to debit your cash ledger, in other words, you have to pay the RCM amount.
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