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RCM Liability Payment

mahendra sahoo (Gst Practicion) (700 Points)

15 October 2017

we had booked some expenses as per sec 9 (4), and charged gst as per rcm basis for the month of September 2017, now only that liability stands in my books September end, now govt deffered the rcm sec 9(4) rules upto 31.03.18. Can we pay the liability of rcm? Or entry will be reverse?

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11 Replies

(Guest)

liability rcm ok

but as per government notifaction is date is mention for

from which date it will start

another thing even if u pay u can adjust it against ur tax

no matter in resverve the entry but with concern with law

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

Yes I agreed with Mr Samir...

@ Mr Mahendra Sahoo...
RCM suspended from October. But, September month RCM is applicable...
So, Why are you got doubt...?

mahendra sahoo (Gst Practicion) (700 Points)
Replied 15 October 2017

Raja ji, We create the rcm liability for the September month, but not paid the liability

Manish Manish (33 Points)
Replied 15 October 2017

Will have to pay RCM liability in cash for September month also in notification it is stated that RCM mechanism will be applicable till 13/10/2017 so will have to pay RCM liability for month of October too in filing 3B next month...

chamarthi venkatesh (Student CA Articleship) (848 Points)
Replied 15 October 2017

Pay RCM GST for September
The notification from government is applicable only from 13.10.2017
So, don't charge GST on the transactions from 13.10.2017 to 31.03.2018.
If you have charged GST on transactions between 01.10.2017 to 12.10.2017,
then you can pay that amount to government while paying the October GST.