RCM Payment

Page no : 2

anshul aggarwal (Consultant) (1074 Points)
Replied 28 September 2017

I am pretty much sure about this and you are welcome to see the demo online whenever you want. You can get the return with above type of situation and I will file the return.

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anshul aggarwal (Consultant) (1074 Points)
Replied 28 September 2017

in which output tax liability is less than RCM paid for the month.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 28 September 2017

Originally posted by : anshul aggarwal
	so you still believe that it cannot be done.

OKAY....

THANK YOU FOR THE WORDS OF 'PRACTICALLY AND BOOKS'

BUT, YOU LL BE SHOW YOUR PRACTICAL KNOWLEDGE OF ADJUSTMENTS IN GSTR 3B FOR RCM PAYMENT ADJUSTMENT...

anshul aggarwal (Consultant) (1074 Points)
Replied 28 September 2017

We are not talking about RCM adjustment. read question properly. we are taking about output tax liability through RCM ITC in same month.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 28 September 2017

First you chaeck your 1st reply....

Then you ll write the BOOK / PRACTICAL.

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anshul aggarwal (Consultant) (1074 Points)
Replied 28 September 2017

You want to continue this
No Problem with me .
My reply is yes it is correct both ways bookish and practically.

anshul aggarwal (Consultant) (1074 Points)
Replied 28 September 2017

Amit has to only pay challan of Rs. 5000 for this month. rest can be adjusted

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 28 September 2017

Originally posted by : anshul aggarwal
	You want to continue this No Problem with me .My reply is yes it is correct both ways bookish and practically.

Enjoy....

But, Mind your words before write...

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 28 September 2017

Originally posted by : anshul aggarwal
	Yes it is possible. In same month you will take input tax credit of the RCM of Rs. 5000 paid in GSTR3B. That will go in your electronic credit ledger and can be used to offset output tax liability if Rs. 4500=00. And still balance of Rs. 500 will be there.

you said this...

Then why you ask who are says it..../

RAJ GUPTA (3 Points)
Replied 28 September 2017

Yes you adjust your RCM balance for tax liability

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sumith raja (Student CA Final ) (41 Points)
Replied 28 September 2017

yes you can adjust the liabilty against RCM follow Mr madukar hireganges post on facebook

you will accept it

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 28 September 2017

You can adjust it for now........

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 28 September 2017

RAJA PM please mention the provision where it is given......

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 28 September 2017

Mam.,
You ll reply please this...
Are you adjust the RCM related payments in same month's GSTR 3B...?
Are you filed any one dealer's July returns fully (GSTR 3B 1 2 and 3)...?
Are you adjust same month RCM related payments in returns...?

I'm meet/read Indian GST..! Not read / practice any other countries GST laws...?
It's new for me...! So, I'm not practiced with GST...!

I'm only replying from BOOKKS not get practical knowledge...!

Also I'm respectful for you and your profession and also your hard work....

But, I'm not like above said BOOKS AND PRACTICAL...

ANYWAY I ACCEPT YOUR OPINION IF ITS WRONG ARE RIGHT.....

THANKS AND REGARDS
RAJA P M....

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CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 28 September 2017

Raja everyone is new to GST Law. Neither you nor me said that above mentioned provision is correct or not.

We can only discuss it here. What is actuality will be known only on filing GSTR-2.

I am asking you provision only to know what you have read b'coz i may be wrong at some point also.

We are here to share our knowledge ñot to teach others.

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