RCM mechanisum
Mahesh Sarda (173 Points)
28 July 2017
where RCM to show in gst return. and I am giving job work should it is necessary to create RCM invoice. what is it's procedure
13 Replies
RAMESH D MODI
(Proprietor)
(4869 Points)
Replied 28 July 2017
there is a separate field in the return for inward supply under rcm
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 28 July 2017
It will be available in GSTR-2
Sandeep Upadhyay
(1518 Points)
Replied 28 July 2017
Registered dealer purchase from unregistered dealer then RCM is applicable and register dealer is liable to issue invoice and pay tax under RCM
mehul patel
(article)
(213 Points)
Replied 28 July 2017
payment under RCM need to show in gstr-1 and to claim ITC need to show in gstr-2 .
Neha Jain
(Chartered Accountant)
(1085 Points)
Replied 28 July 2017
RCM ITC will be shown in GSTR 2 and to pay RCM amount one should raise invoice on self.
mehul patel
(article)
(213 Points)
Replied 28 July 2017
RCM amount need to pay are not required to show in GSTR1
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 28 July 2017
| Originally posted by : mehul patel | ||
 |
RCM amount need to pay are not required to show in GSTR1 |  |
Please elaborate, how to pay then?
Suresh
(Accountant)
(31 Points)
Replied 28 July 2017
Please confirm no RCM will be applicable upto Rs.5000/-(cash payment) on purchase/ job work if service provider/seller not registered.
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