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Procedure to unclaimed gst

Mangal Singh Khinchi (Kota) (259 Points)

19 October 2017

Sir, We are security service provider previously we are in RCM.but in GST RCM is not applicable to us.Some invoice which were related to Jan,Feb,Mar 2017.whose payment received to us on Sep & Oct 2017(Including GST).I am unable to understand how to met out this liability & what is the accounting treatment for GST we have received.

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9 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 19 October 2017

Don't be Confused with GST...

The GST applicable only for service (Goods) providing After 1st july. Not on before July.

You just account the payment as Normal accounting entry...

After GST you ll be give GST bill if you are registered..

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Mangal Singh Khinchi (Kota) (259 Points)
Replied 20 October 2017

But Sir Clients are giving GST to us prior GST bills.

Mangal Singh Khinchi (Kota) (259 Points)
Replied 20 October 2017

How to treat GST.Which is given us on prior GST bill.We should refund this GST to Client or we should pay this GST to Govt.

sanjeev khandelwal (Tax Consultant) (131 Points)
Replied 20 October 2017

you leave it as no claim

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 20 October 2017

Originally posted by : Mangal Singh Khinchi
	How to treat GST.Which is given us on prior GST bill.We should refund this GST to Client or we should pay this GST to Govt.

Explain your transation...

Bcoz, I can't undrstand your view...!

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Mangal Singh Khinchi (Kota) (259 Points)
Replied 20 October 2017

Sir,

We have generate arrears bill of jan,feb,mar & Apr 2017 bill without Service Tax because at that time we are in RCM.But we have recieved payment of theses bill including GST.I want to know that what should we do this GST amount which we had receive.