GST ON RCM BASIS
This query is : Resolved
NIRMAL SONI
(Querist)
13 March 2020
How GST on RCM works?
1. We pay GST for Security services on RCM basis
2. We show this in GSTR 3B- TABLE 3 AND TABLE 4
3. Now where the credit goes? Is it added to ITC ledger or Cash ledger?
Am I able to claim it or Its like a burden to Assesee?
1. We pay GST for Security services on RCM basis
2. We show this in GSTR 3B- TABLE 3 AND TABLE 4
3. Now where the credit goes? Is it added to ITC ledger or Cash ledger?
Am I able to claim it or Its like a burden to Assesee?
CA R SEETHARAMAN
(Expert)
13 March 2020
It's added to ITC ledger and you will be able to claim it. It's not a burden.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Advances to related party
- Capital gains in IT returns
- Form 144 TDS Return Validation error
- LLP audit and disclosure
- TDS- 2026-27 Q1 Correction
- Rent agreement of House of deceased person
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
