Invoice under RCM
Rajesh Singh (41 Points)
04 August 2017
who will issue invoice under RCM and under which form for legal services.
15 Replies
RAMESH D MODI
(Proprietor)
(4869 Points)
Replied 04 August 2017
rcm invoice is always issued by self i.e. the person who liable to pay under rcm.
Sudarshan Mehta
(partner)
(62 Points)
Replied 04 August 2017
THE RECIPIENT OF GOODS AND SUPPLIES OR BOTH WILL HAVE TO RAISE AN INVOICE UNDER REVERSE CHARGE. THE INVOICE MAY BE YOUR NORMAL SALES/SERVICE TAX INVOICE WHERE IN YOU HAVE TO MENTION TAX UNDER REVERSE CHARGE OR YOU CAN HAVE A SEPERATE INVOICE BOOK. TAX(SELF-TAX) HAS TO BE LEVIED ACCORDING TO THE SCHEDULE AND AS PER THE RATE OF SUPPLIES (AS IF IT WERE A OUTWARD SUPPLY). THE REVERSE CHARGE TAX PAYABLE SHOULD BE AS PER SECTION 9(3) AND 9(4) OF THE GST ACT.
IN THE SUBSEQENT MONTH THE SAME CAN BE UTILISED AS INPUT TAX CREDIT(SUBJECT TO CONDITIONS OF INPUT TAX AND INPUT TAX RESTRICTIONS)
Ajay pandey
(Finance Professional )
(95 Points)
Replied 04 August 2017
hi pls guide in which return to file self billing invoice under RCM
Sudarshan Mehta
(partner)
(62 Points)
Replied 04 August 2017
SHOULD BE MENTIONED IN THE FORM GSTR-1 ALONG WITH YOUR REGULAR SALES. WHEREEVER THESE RCM ENTRIES OCCUR YOU HAVE TO MENTION "YES" UNDER THE COLUMN TAX UNDER REVERSE CHARGE AND GSTR-1 WILL AUTOMATICALLY ASSESS YOUR LIABILITY WHILE COMPUTING THE TOTAL LIABILITY.
Ajay pandey
(Finance Professional )
(95 Points)
Replied 04 August 2017
Sir Trying to filled but under gst no column filling our gst no but not accepting
Rajesh Singh
(41 Points)
Replied 04 August 2017
Whether GST applicable on advance payment made to Advocate?
Rajesh Singh
(41 Points)
Replied 05 August 2017
Whether GST applicable on advance payment made to Advocate?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 05 August 2017
First of all., Please understanding the SELF INVOICE..... it's not uploadable. Just self preparable for accounts......
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 05 August 2017
@ Rajesh Singh.,
Nobody give RCM based invoice. It's your own decision. If you received 10(approx) supplies from URD. Then you ll be pay Tax under RCM....
Then how manage these transactions....
Number 1,2,3....
Also you return under RCM then system also count the line number 1,2,3......
So, You can create it your own taste like number 0001,0002,0003.... or
URD/001, URD002, URD003....
These are self invoice.....
Nobody give RCM based invoice. It's your own decision. If you received 10(approx) supplies from URD. Then you ll be pay Tax under RCM....
Then how manage these transactions....
Number 1,2,3....
Also you return under RCM then system also count the line number 1,2,3......
So, You can create it your own taste like number 0001,0002,0003.... or
URD/001, URD002, URD003....
These are self invoice.....
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 05 August 2017
@ Which GSTR.....
It's in GSTR 2
It's in GSTR 2
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 05 August 2017
@ Susil Agarwal.,
what is TRP 9...
if tally.,
Just you create the supplier name after GST details apply - URD....
create Journal :
Dr- Service/Goods/Expense
Cr- Supplier name....
after see statutory details.....
what is TRP 9...
if tally.,
Just you create the supplier name after GST details apply - URD....
create Journal :
Dr- Service/Goods/Expense
Cr- Supplier name....
after see statutory details.....
Sushil Agarwal
(Student)
(26 Points)
Replied 05 August 2017
under which head party name nd goods/service/expenses
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