itc of rcm paid
This query is : Open
22 August 2017
can u please tell me how to show itc of reverse charge.. like gst under rcm paid by me 5000 now we show it under itc(liable to reverse charge) ??? and also itc of reverse charge is added with itc of normal purchase or it shows sepratrly in e cash ledger??
22 August 2017
You can show the value of RCM related tax on liable to reverse charges and you ll be pay as cash.
You also adjust it cash ledger. Not adjust in ITC...
First add it liability section after adjust in ITC section as cash...
(It's treated as Income Tax Depreciation method. First add to liability then Less from Payments)
You also adjust it cash ledger. Not adjust in ITC...
First add it liability section after adjust in ITC section as cash...
(It's treated as Income Tax Depreciation method. First add to liability then Less from Payments)
22 August 2017
then how we claim itc of reverse charge. if i use ur method then there is no itc of this cash paid
22 August 2017
It's not my Way....
It's government's rule. Filing above said way is as per rule....
23 August 2017
but others say u claim itc of rcm in the same month
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