RCM in july
Surendra Gupta (40 Points)
22 February 2018
we have not paid RCM Get during the month of July and did not claim input
4 Replies
srimanth kumar k
(42 Points)
Replied 22 February 2018
As of now, for this assessment year you can claim the complete expenses which is liable to GST on RCM basis in your profit and loss as the government is not serious on the same , but if government makes it mandatory in future , you cannot claim any huge expenses without making payment of GST on RCM basis.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 23 February 2018
Sorry for the different answer..
From 1st July to 12th October RCM applicable for URD related inwards. Also the 5k exemption is available...
Otherwise if you are not paid then go to pay with interest then take it as ITC...
From 1st July to 12th October RCM applicable for URD related inwards. Also the 5k exemption is available...
Otherwise if you are not paid then go to pay with interest then take it as ITC...
srimanth kumar k
(42 Points)
Replied 23 February 2018
As the GST council has waived off GST on RCM basis, now it is not necessary to make payment of GST on RCM basis for unregistered purchases
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 23 February 2018
| Originally posted by : srimanth kumar k | ||
 |
As the GST council has waived off GST on RCM basis, now it is not necessary to make payment of GST on RCM basis for unregistered purchases |  |
You have Any reference except from 13th October 2017...?
Recent Topics
- Misplace society Bye law
- Submit ommited invoice of previous year
- Need your valueble insight
- GSTR-9 Invoices
- Agricultural Business Loss
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
- MAHARASHTRA CHARITY COMMISSIONER WEBSITE
- Explanation 3 to section 11(1) read with section 4
- Ammendment in Partnership On Death of Partner and
Related Threads
CAclubindia
