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Which accounting use in press

06 June 2020

in press how to make gst invoice because we don't have purchase invoice. is we use rcm method for gst invoice
any body know it

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8 Replies

KRISSHNAN KP (4215 Points)
Replied 06 June 2020

Newly entered or existing business

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Shivam RC (Student) (23683 Points)
Replied 06 June 2020

Sir are you registered under GST ???

Mir Javaid (61 Points)
Replied 06 June 2020

We are registered in gst take registration in September 2019

Shivam RC (Student) (23683 Points)
Replied 06 June 2020

Then make GST Invoice in accordance with the Provision of Section 31 of the CGST Act 2017 read with Rule 46 of the CGST Rules 2017.

Note that the CGST Act 2017 does not specifies any such GST Invoice formats. Rule 46 specifies certain fields which should be in the GST INVOICE.

Also note that RCM will not be applicable at your case. FCM will be applicable.

Mir Javaid (61 Points)
Replied 06 June 2020

What is fcm

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Shivam RC (Student) (23683 Points)
Replied 06 June 2020

FORWARD CHARGE MECHANISM ( FCM ). It means that you ( Supplier ) have to collect and pay tax to the Government by virtue of Section 9(1) of the CGST Act 2017.

Under GST, Tax can be paid in Two Mechanism :

1). REVERSE CHARGR MECHANISM ( RCM ) to be paid by the Recipient.

2). FORWARD CHARGE MECHANISM ( FCM ) to be paid by the Supplier [ Normal Provision ].