Audit fees
Anuj Sharma (79 Points)
02 October 2017
I paid last year audit fees 6000 by cash so there is RCM applied and not
12 Replies
Rahul Srivastava
(Practice)
(101 Points)
Replied 02 October 2017
RCM is not applicable on previous year audit fees becuase previous year audit fees outstanding as per previous financial statement and not incurred current year in gst
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 02 October 2017
RCM applicable if Bill date is after July 17...
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 02 October 2017
If you pay now after July then you have to pay RCM......
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 02 October 2017
Also you have to considered invoice date & payment date for exact provision
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 02 October 2017
The point of taxation under service tax being completion of service and billing which presumably is over- no GST applicable if payment received after 1st July 17.
In a Delhi HC decision on a similar matter when exemption for cash based payment of ST was made applicable upto Rs. 50 Lakhs, the rendition of service was held to be of paramount importance.
Therefore all debtors o/s as on 1st July would be only under the old law.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 02 October 2017
(Also you have to considered invoice date & payment date for exact provision)
Please explain the Consideration...
Bcoz, In my view. It's not available for audit / filing after July...
Please explain the Consideration...
Bcoz, In my view. It's not available for audit / filing after July...
Anuj Sharma
(79 Points)
Replied 02 October 2017
date is 17 August 2017 and if it will be by chaque so..
Prashant Gupta
(BA)
(22 Points)
Replied 02 October 2017
How TO Get Comesnorate Code Range Pls Tell me
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 02 October 2017
VERY SIMPLE IF YOU BOOK THIS EXPENSES AFTER 1.7.17 , THEN RMC APPLICABLE , BUT IF YOU HAVE BOOKED THIS EXPENSES BEFORE 1.7.17 THAN NO LIABLE
CA Mohit Kumar
(accounts,taxation)
(855 Points)
Replied 02 October 2017
Mr. Anuj, you booked exp last year through provison mode hence, no RCM applicable
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