due date under reverse charge

This query is : Resolved

rocky (Querist)
Follow

27 July 2017 i have paid security charges on dt 5.7.17, bill date 1.7 17 what is due date to pay GST under reverse charge Is this compulsary to pay RCM seperately or I can adjust to my GST output like this- gst collected 100 rs gst rcm payable 10 rs to payb 100 rs

RAJA P M

RAJA P M (Expert)
Follow

27 July 2017 No... You can't adjust your ITC to RCM Tax.
You must pay the Tax then you ll be reverse it.

RCM Tax Payment date is as on Payment date or Billing date...

rocky

rocky (Querist)
Follow

27 July 2017 air, billing date was 1.7.17, but i did not pay. now how much interest to pay with GST amt.

RAJA P M

RAJA P M (Expert)
Follow

27 July 2017 You can pay as per billed amount....

rocky

rocky (Querist)
Follow

27 July 2017 yea, i know i have to pay 18% of bill amt....but is any interest for late payment applicable? as you said that due date was biling or payment date, and it is 26 days late

RAJA P M

RAJA P M (Expert)
Follow

27 July 2017 Yes. The Govt said 18% of Interest for Non-Payment.
But, Govt ll be can't conduct any penalty and Interest for Mistake/Late/any other on GST implemented (Beginning)...

RAJA P M

RAJA P M (Expert)
Follow

27 July 2017 Yes. The Govt said 18% of Interest for Non-Payment.
But, Govt ll be can't conduct any penalty and Interest for Mistake/Late/any other on GST implemented (Beginning)...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now