Gst Payment under RCM
MONALI PADHI (34 Points)
02 September 2021MONALI PADHI (34 Points)
02 September 2021
PRASANT BISOYI
(261 Points)
Replied 02 September 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 02 September 2021
If an unregistered person provides service subject to RCM to a registered person, then self invoice can be the time of supply. So time limit is not a concern here I think.
But if a registered person provides similar service to another registered person, then the time of supply would be date of payment or 61st day from issue of invoice, whichever earlier.
Thus in case of B2B supplies under RCM, if tax is not paid by the recipient within 60 days of invoice, then interest would be applicable.
PRASANT BISOYI
(261 Points)
Replied 02 September 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 02 September 2021
Invoice from the supplier without gst because the same would have been uploaded by such supplier as part of gstr1
PRASANT BISOYI
(261 Points)
Replied 02 September 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 02 September 2021
Under table 4b (outward supplies under reverse charge)
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961