i paid 2000/- Igst under RCM FOR THE MONTH OF JULY 2017,
AND I WILL PAY 2000/- IGST UNDER RCM FOR AUG'2017.I.E
I FILED 3B IN 3.1 POINT WITH 2000/-
AND ENTERD THE SAME AMOUNT IN 4TH POINT ELIGIBLE ITC, THEN IN 6TH POINT ENABLE WITH BALANCE OF 2000/- ,I OPENED THAT OFF SET MY PREVIOUS RCM ITC, BT SYSTEM SHOWS U HAVE NOT SUFFICIENT CASH/CREDIT, PLEASE CLARIFY IT.
The amount which was paid as RCM in last month you will get credit in current month.
But if in current month you have RCM Liability, it needs to be paid compulsorily.
No Credit can be used to offset RCM liability.
CAclubindia
