Gst on reverse charge
This query is : Resolved
07 December 2017
Hi Friends,
As you are aware that, in Service Tax Regime, Service tax on RCM basis was payable after making payment of your vendor within 3 months and you could claim Cenvat Credit after making payment of Service tax on RCM Basis within 3 months.
But in GST regime it is same process to pay GST on RCM basis. Means can i pay GST on RCM Basis after making payment to my vendor or not.
As you are aware that, in Service Tax Regime, Service tax on RCM basis was payable after making payment of your vendor within 3 months and you could claim Cenvat Credit after making payment of Service tax on RCM Basis within 3 months.
But in GST regime it is same process to pay GST on RCM basis. Means can i pay GST on RCM Basis after making payment to my vendor or not.
07 December 2017
You can pay GST on RCM after making payment to the party, but you need to make the payment to the party within 60 days from the date of invoice.
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