Reverse charge mechanism (rcm)
This query is : Open
16 October 2017
we are not declared RCM purchases in aug17, how to rectify, can we submit along with sept purchases RCM and pay gst on outward sales
17 October 2017
Its not advisable but you can do so........
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17 October 2017
Self invoices issued by you under RCM are taxable invoices. Therefore, you can take credit of tax paid as long as these invoices are valid. In my view, you can take the credit and utilize the same for payment of GST against outward supplies.
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