i have purchase product from unregisted dealer for moth of july ,I have to follow RCM , two thing confusing me, One At GSTR 3B whether I have to paid Advance through challan RCM amount in GST than i have to take the credit or what.Please suggest.
22 August 2017
Not Excess Sir purchase from unregister Amount 2011382 5% RCM 100569 sale 2287381 5% 114369 Here i want to know whether i have to deposited the RCM amount Rs 114369 through challan in GST then submited the return or i have made wrong.
Sir first i pay liability amount Rs 114369 then adjust it through ITC,actually ITC has not been paid as it purchase from unregister ,so I have to paid the ITC first through challan ,then can claim ITC.
Sir first i pay liability amount Rs 114369 then adjust it through ITC,actually ITC has not been paid as it purchase from unregister ,so I have to paid the ITC first through challan ,then can claim ITC.
23 August 2017
Dear Ashim., Understand RCM related Payments and Adjustments... You paid the amount of Rs.114369. After submitted the return you ll move to payment of tax column, You can see the values of adujut from ITC and Adjust Cash. You adjust the cash to your liability after balance amount ll be adjusted to RCM. It's auto/Statndard view... See the tax payment column you can get details
CAclubindia
