Invoice under RCM
Rajesh Singh (41 Points)
04 August 2017
who will issue invoice under RCM and under which form for legal services.
Rajesh Singh (41 Points)
04 August 2017
RAMESH D MODI
(Proprietor)
(4864 Points)
Replied 04 August 2017
Sudarshan Mehta
(partner)
(62 Points)
Replied 04 August 2017
THE RECIPIENT OF GOODS AND SUPPLIES OR BOTH WILL HAVE TO RAISE AN INVOICE UNDER REVERSE CHARGE. THE INVOICE MAY BE YOUR NORMAL SALES/SERVICE TAX INVOICE WHERE IN YOU HAVE TO MENTION TAX UNDER REVERSE CHARGE OR YOU CAN HAVE A SEPERATE INVOICE BOOK. TAX(SELF-TAX) HAS TO BE LEVIED ACCORDING TO THE SCHEDULE AND AS PER THE RATE OF SUPPLIES (AS IF IT WERE A OUTWARD SUPPLY). THE REVERSE CHARGE TAX PAYABLE SHOULD BE AS PER SECTION 9(3) AND 9(4) OF THE GST ACT.
IN THE SUBSEQENT MONTH THE SAME CAN BE UTILISED AS INPUT TAX CREDIT(SUBJECT TO CONDITIONS OF INPUT TAX AND INPUT TAX RESTRICTIONS)
Ajay pandey
(Finance Professional )
(95 Points)
Replied 04 August 2017
Sudarshan Mehta
(partner)
(62 Points)
Replied 04 August 2017
SHOULD BE MENTIONED IN THE FORM GSTR-1 ALONG WITH YOUR REGULAR SALES. WHEREEVER THESE RCM ENTRIES OCCUR YOU HAVE TO MENTION "YES" UNDER THE COLUMN TAX UNDER REVERSE CHARGE AND GSTR-1 WILL AUTOMATICALLY ASSESS YOUR LIABILITY WHILE COMPUTING THE TOTAL LIABILITY.
Ajay pandey
(Finance Professional )
(95 Points)
Replied 04 August 2017
Rajesh Singh
(41 Points)
Replied 04 August 2017
Rajesh Singh
(41 Points)
Replied 05 August 2017
RAJA P M
("Do the Right Thing...!!!")
(127483 Points)
Replied 05 August 2017
RAJA P M
("Do the Right Thing...!!!")
(127483 Points)
Replied 05 August 2017
RAJA P M
("Do the Right Thing...!!!")
(127483 Points)
Replied 05 August 2017
RAJA P M
("Do the Right Thing...!!!")
(127483 Points)
Replied 05 August 2017
Sushil Agarwal
(Student)
(26 Points)
Replied 05 August 2017
CAclubindia
