Import of service

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 July 2017 Dear Sir,
How to take Input Credit for Import of Services under RCM? What is the due date for payment of GST under RCM?
I want to take Input credit as early as possible or as soon as possible so, how to avail such credit against normal GST liability?
Suppose, for July month, if I pay GST under RCM by 31st July then can I avail credit against the normal liability of GST (Service tax regime, we used to do that)
Kindly guide with your input as well as compliance part on this aspect.
Thanks in advance.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 July 2017 Due date is 20th of next month i.e. on or before filing of return. If payment is made in July under RCM credit can be availed on it in July itself.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 July 2017 Due date is 20th of next month i.e. on or before filing of return. If payment is made in July under RCM credit can be availed on it in July itself.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 July 2017 Due date is 20th of next month i.e. on or before filing of return. If payment is made in July under RCM credit can be availed on it in July itself.

Querist : Anonymous

Querist : Anonymous (Querist)

27 July 2017 Many thanks Sir,
So, how to discharge liability under RCM by 31st July? Am i right 31st July as date of payment? Challan for the same? how to get credit in return or against regular liability?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 July 2017 https://www.gst.gov.in/help/payments
File return you will get credit for payment.

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