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RCM against section 9(4)

ankababu (Accountant) (105 Points)

14 October 2017

we will ready to pay the rcm for September.
in notification, it was ommitted till March 31st.
means September is also taxable or not?

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6 Replies

Geetha Varadarajan (Ministry of finance) (180 Points)
Replied 15 October 2017

The notification takes effect from 13/10/2017. Thus all supplies effected till that date attracts reverse charge pyment of tax. So all Sept 2017 supplies need to be included for rever charge payments.

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 15 October 2017

Yes... I agreed with Geetha Varadarajan.,

Rcm sec 9(4) is suspended from October. In September RCM is applicable. You ll be pay Tax under RCM basis on September...

ankababu (Accountant) (105 Points)
Replied 29 November 2017

we have received advance for goods is taxable or not?
Please supporting notification....

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 30 November 2017

When you received the advance...?
Which date and Nature of Supply...?

ankababu (Accountant) (105 Points)
Replied 30 November 2017

25th Nov from Delhi customer for goods

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 01 December 2017

No need to pay GST for above said advance and period...
From 15th November Tax on advance receipts for only service related advance. Not on supply of goods...