Igst plenty


(Querist)
11 July 2019

Sir,

We have paid Extra tax Rs.5400/- and plenty Rs.5400/- due to less quantity of bill now the electronic cash ledger balance shows Rs.10800/- Can we pay RCM through this balance which is show in Cash ledger


CA Anita Bhadra (Expert)
11 July 2019
No , You can not do that .

As per Section 9(3) and 9(4), the businesses cannot adjust RCM with ITC. You have to debit your cash ledger, in other words, you have to pay the RCM amount.



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