Rcm extra paid what to do
This query is : Resolved
20 June 2019
1.In May 3B i have shown and paid wrong RCM on freight i.e. 5% each CGST and SGST although freight amount was wrongly shown. How to rectify this error?
2. Company is paying rent to Directors' HUF and HUF is charging gst in its bill but instead of showing input i have shown RCM and paid accordingly this amount. How to rectify this in next month's return?
2. Company is paying rent to Directors' HUF and HUF is charging gst in its bill but instead of showing input i have shown RCM and paid accordingly this amount. How to rectify this in next month's return?
24 June 2019
You can only set off the amount to the liablity that arise in future regarding RCM upto the extent allready paid
Like if you have paid Rs 500 excess in april month
for may you liability is 700
then in may return just pay for 200 and claim input for whole 700, if 500 is not claimed earlier, else for rs 200
Like if you have paid Rs 500 excess in april month
for may you liability is 700
then in may return just pay for 200 and claim input for whole 700, if 500 is not claimed earlier, else for rs 200
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
- About TDS & Income Tax
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Under construction property in ITR
- Not able to file ITR
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Regarding ITR filing with more value than showing in AIS/TIS
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
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
