Rcm deduction in gst
This query is : Open
Arun Trivedi
(Querist)
11 July 2017
Sir, Whether we have to deduct RCM or shall we have to deposit the same by our own. Say bill rs 10000 and rcm is 1800 on this i.e 18 prcnt. Now whether we have to deduct it from 10000 and pay only 8200 to the supplier?
CA Rashmi Gandhi
(Expert)
11 July 2017
No you have to pay 1800 yourself. That means full 10000 paid to supplier.
You will deposit 1800 & then get credit of same.
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