Liability of Advance payment under RCM
This query is : Open
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
02 January 2021
RCM liability arises on the date of payment.
03 January 2021
Thanks but question is whether it will be shown in GSTR-1 or not.
03 January 2021
Yes , when gst is paid then it has to be shown.
04 January 2021
in GSTR-1 under which column it would be shown. Advance receipt is given for FCM not for RCM.
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