Rcm extra paid what to do
This query is : Resolved
CA Parul Saxena
(Querist)
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?
CA AnKiT BoHrA (AB)
(Expert)
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
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