Dear All,
how the GST RCM input and output works ..how we need to account the GST RCM in accounts.
Kindly explain the same in breif
2 Replies
Rohit Tibrewal
(Student & Senior Accountant)
(3193 Points)
Replied 08 September 2018
You need to deposit RCM amount, raise purchase invoice against the unregistered supplies and you can claim the amount of RCM in the same month as input.
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 08 September 2018
Yes , have to create liability for RCM , deposit the same & as per section 31CGST Act Raise the Self Invoice for the same & can claim the input.
Note : Input can be claim only when you have deposited the RCM liabilities
Note : Input can be claim only when you have deposited the RCM liabilities
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