Should we deposit GST under RCM u/s 9(4) in the m/o Sep-2017 also.
One more query is that we are depositing IGST today by 2 days late. So in which head we have to deposit these 2 days interest i.e. in IGST or CGST & SGST.
22 October 2017
Yes....
Interest is applicable for the late payment of GST...
(i.e. in IGST or CGST & SGST.)
Interest Based on your transaction. So, Can't give exact head...
Give your transactions....
23 October 2017
Dear you dont have to pay tax under RCM because its your liability on sale.
RCM applicable when you purchase from unregistered dealer.......
24 October 2017
just simple query Rashmi mam, I have sold material to Interstate party and I have deposited IGST along with 2 days intt. as payment has been made on 22 Oct. and I have deposited 2 days intt. in IGST head, is it correct.
24 October 2017
Basically it's correct...
But, What is your transaction as purchase and Sales... You ll calculate both transactions and ll pay balance taxes...
CAclubindia
