Rcm u/s 9(4)
This query is : Open
Rakesh Sharma
(Querist)
22 October 2017
Dear Experts,
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.
Please advise.
Rakesh Sharma
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.
Please advise.
Rakesh Sharma
Dr. ShamsheerKhan
(Expert)
22 October 2017
Rcm u/s 9(4) is valid till 12 th october from 1 st july. there onwards it is suspended upto 31 st march 2018
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....
Rakesh Sharma
(Querist)
22 October 2017
I am paying IGST sir
22 October 2017
So,
What you want exactly...?
What is your exact transactions from URD...?
Then only I says it's applicable to IGST or C/SGST....!
Rakesh Sharma
(Querist)
22 October 2017
sir, I have deposited IGST along with 2 days intt. in interest column and IGST head. Is it correct?
22 October 2017
Oh god....
Hello Mr...
Where you from purchased material...?
Rakesh Sharma
(Querist)
23 October 2017
no no sir, it's our liability on sales not on purchase from URD as there is no purchase from URD
23 October 2017
Oh very Confused...
It's your sales related Liability then why you pay RCM...?
CA Rashmi Gandhi
(Expert)
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.......
Rakesh Sharma
(Querist)
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.
Rakesh Sharma
(Querist)
24 October 2017
to deposited in IGST head
CA Rashmi Gandhi
(Expert)
24 October 2017
Yes you have ro add IGST in Tax columnt & its int in IGST Intt.
Message likes :
1 times
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...
Message likes :
1 times
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
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- GST on reimbursement of expenses
- Whether output tax is taken credit by purchaser
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Additional trade name
- Equity Share Sale and Purchase
- Visiting card purchase
- Number of years as per AS amortisation of Goodwill
- Wrong CMPo8 file
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
