RCM on Security Services ( Service provider wrongly charged GST in its invoice)
This query is : Resolved
26 July 2021
A Security service firm has wrongly charged GST in their invoice and the assessee (Company) took the ITC. Since, Security Guard Service is under RCM and the assessee being a Company has to pay GST under RCM and then may claim the ITC.
For few months Security firm has charged GST in their invoice but later on assessee realized that it is their liability to pay GST under RCM, my question is "Whether company has to book liability in its books for not paying GST under RCM for part of the year?"
Regards
Thanks in Advance!
For few months Security firm has charged GST in their invoice but later on assessee realized that it is their liability to pay GST under RCM, my question is "Whether company has to book liability in its books for not paying GST under RCM for part of the year?"
Regards
Thanks in Advance!
26 July 2021
Yes, liability has to be booked.
26 July 2021
Pay RCM and claim itc
26 July 2021
But for part of the year firm has charged GST in their bill and assessee has paid the bill amount including gst to the firm.
Still assessee has to book liability for the part of the year in which firm has wrongly charged the gst in their invoice?
Still assessee has to book liability for the part of the year in which firm has wrongly charged the gst in their invoice?
26 July 2021
Yes you will have to since the liability to pay gst is yours under RCM
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST Regis.
- Tds on building rent monthly
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
