RCM Payment

Page no : 3

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

A healthy & active discussion made concept more clear.Even GST Tech didnt clear the above query so how can we do so. We only assume.

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PARMESHWAR VERMA (STUDENT) (31 Points)
Replied 29 September 2017

bhai log larte raho, plz don't atop, maza aa raha hai

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 29 September 2017

No one is fighting here Parmeshwar Verma.........

We are just discuss ing...

1 Like

PARMESHWAR VERMA (STUDENT) (31 Points)
Replied 01 October 2017

rashmi g, its a new law and the opinions can differ, i m just trying to lighten the things

Ashutosh Upadhyay (Work as an Accountant) (27 Points)
Replied 01 October 2017

Raja PM Said is right...

i.e. we can adjust the RCM Credit after payment of RCM and Filling of Return

It will be adjusted in next month against Outout Tax on Sales.

The Credit will not settle in the same month.

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anshul aggarwal (Consultant) (1074 Points)
Replied 01 October 2017

It can be adjusted in same month also. Try it in return.

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 01 October 2017

Clarified on twitter by gst tech that ITC on RCM claimed in same month....

anshul aggarwal (Consultant) (1074 Points)
Replied 01 October 2017

See this attached answer from gst twitter handle

Attached File : 677968 20171001200515 screenshot 20170906 111703.jpg downloaded: 101 times

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 01 October 2017

Dear Friends / Tax Consultants / Participants / Others...

I'm sorry to say misunderstanding for any laws and rules in GST. Bcoz, I get knowledge from Books and GST portal's downloading. But, I don't think / get PRACTICAL KNOWLEDGE in GST. Also I face the GST in India only. Not face in Malaysia and Other GST implemented Countries....

So, What I says / request here...

Who is get practical knowledge for above said way (query)... Please post here your practical adjustments of above with screen shot...

Also we can get experience for your help...

Thanks & Regards
RAJA P M...

anshul aggarwal (Consultant) (1074 Points)
Replied 01 October 2017

for that you have to file a return with above type of data

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anshul aggarwal (Consultant) (1074 Points)
Replied 01 October 2017

I will start filing of sep gstr3b. I will give you my computer access you can see how it is done

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 01 October 2017

Raja. Practical aspect means while filing 3B credit is available for pàyment made in august.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 01 October 2017

CA Rashmi Gandhi.,
You know the RCM related liability in 3.1 column and it's automatically (autopopulated - Not editable) debited in 6.1 reverse charge (part II)