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RCM paid after deducting Inr 5000.00 each day

01 September 2017

I hv calculated and paid RCM with considering rs.5000 each day.
Now question is that what question will arise during audit of gst.

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3 Replies

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 01 September 2017

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Pradyut Bag (88 Points)
Replied 01 September 2017

sir, i hv calculated RCM after deducting Rs.5000/- each day expenditure. After that I hv paid gst on the final amount and took ITC.
Now my question is that, whether during gst audit, can gst officer raise any questions regarding my calculations, if yes, from what angle.

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 01 September 2017

Originally posted by : Pradyut Bag
	sir, i hv calculated RCM after deducting Rs.5000/- each day expenditure. After that I hv paid gst on the final amount and took ITC.Now my question is that, whether during gst audit, can gst officer raise any questions regarding my calculations, if yes, from what angle.

Dear.,

Please understand the ceiling limit Rs. 5000.

If your one day inward supplies (goods/Services) from URD is less than Rs. 5000. Then don't pay tax under RCM basis.

If it's above Rs. 5000 you ll be pay tax under RCM basis. It means your expenses Rs. 5001 u you ll be calculate Tax under RCM basis Rs. 5001 * (Tax rate) = XXXX. Can't calculate tax Rs. 1

The GSt Auditor ll catch simply as above said way.

Bcoz., Your calculation is wrong...