Sir / Madam,
I need clarification regarding RCM paid on Government fees whether eligible for ITC. If yes in which ledger either cash ledger or credit ledger it will reflect in GST portal.
8 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14803 Points)
Replied 27 July 2020
what type Government Fees will please Clarify ?.
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 27 July 2020
In Which state?
To whom fee is paid, any Central Government, State Government, Union territory or local authority ??
To whom fee is paid, any Central Government, State Government, Union territory or local authority ??
G SRINIVASAN
(ASSISTANT MANAGER)
(50 Points)
Replied 27 July 2020
Licence Fee paid to State Government
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 27 July 2020
Fees for trade license under Shop and Establishment Act.??? or any other act ?
G SRINIVASAN
(ASSISTANT MANAGER)
(50 Points)
Replied 27 July 2020
Trade name licence fee paid to State Government act
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 27 July 2020
If It's compulsory registration under any act than ...or if fee amount is not more than 5000 than RCM is not applicable. You are not required to Pay RCM.
But if you already paid RCM , than you can take credit of RCM paid in GSTR 3B return.
But if you already paid RCM , than you can take credit of RCM paid in GSTR 3B return.
sabyasachi mukherjee
(27579 Points)
Replied 27 July 2020
On govt. taxes and rates govt fees and taxes are never paid.
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