Rcm gst on advance payment to urd contractor
This query is : Open
Shiva Prajapat
(Querist)
30 September 2017
Dear Sir,
Please explain me if i have paid advance payment to URD contractor of amount Rs. 10101/- and in books entry net payment by bank 10000/- and TDS 101/- than RCM GST applicable on amount 10101/- or 10000/-.
Thanks
Shiva
Please explain me if i have paid advance payment to URD contractor of amount Rs. 10101/- and in books entry net payment by bank 10000/- and TDS 101/- than RCM GST applicable on amount 10101/- or 10000/-.
Thanks
Shiva
anshul aggarwal
(Expert)
01 October 2017
absolutely correct.
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CA Rashmi Gandhi
(Expert)
01 October 2017
GST undervRCM to be paid on actual amont not on amt paid.
Ao in your case you have to pay on 10101/-
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CA S K MISHRA
(Expert)
01 October 2017
In this case RCM GST applicable on amount 10101/-
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1 times
Shiva Prajapat
(Querist)
01 October 2017
Thank you very much for your reply.
Message likes :
1 times
CA Rashmi Gandhi
(Expert)
01 October 2017
Welcome......... My pleasurr......
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