Liability of Advance payment under RCM
This query is : Open
Quick Summary
Prem Chandra Thakur
(Querist)
02 January 2021
Dear Expert ,
We are service recipient. we are liable to discharge liability under the RCM against payment made in advance to GTA and Advocate.
kindly guide us Whether it will be shown in GSTR-1. Advance receipt is given for FCM not for RCM
Thanks & Regards
Prem Chandra Thakur
We are service recipient. we are liable to discharge liability under the RCM against payment made in advance to GTA and Advocate.
kindly guide us Whether it will be shown in GSTR-1. Advance receipt is given for FCM not for RCM
Thanks & Regards
Prem Chandra Thakur
Lekhraj sood
(Expert)
02 January 2021
RCM liability arises on the date of payment.
Prem Chandra Thakur
(Querist)
03 January 2021
Thanks but question is whether it will be shown in GSTR-1 or not.
Lekhraj sood
(Expert)
03 January 2021
Yes , when gst is paid then it has to be shown.
Prem Chandra Thakur
(Querist)
04 January 2021
in GSTR-1 under which column it would be shown. Advance receipt is given for FCM not for RCM.
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
- Capital gains in IT returns
- Form 144 TDS Return Validation Error – Mandatory Fields
- LLP audit and disclosure
- TDS- 2026-27 Q1 Correction
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Advances to related party
- Applicability of tax on invoice
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Ito add credit side of bank
- Employee secondment
- 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?
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
