Reverse charge Input!
zanis 0071 (68 Points)
19 August 2021
what is the reason for taking RCM input next month??
3 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14811 Points)
Replied 19 August 2021
You have to prepare self Invoice in case of RCM and file GSTR1 , same will be reflected. in 2A/2B in the next month , also payment of tax in Govt account on rcm , these are reasons for taking RCM credit in the next month.
Rajendra Prasad
(Employee Private)
(1895 Points)
Replied 19 August 2021
It means Vendor also providing Invoice against his supplies and submitting his return in next month only. There also we have to take input in next only.?
prasad Nilugal
(3914 Points)
Replied 19 August 2021
One more reason is , person who pay tax under RCM should receive Goods or services .
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