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Audit fees
I paid last year audit fees 6000 by cash so there is RCM applied and not
Replies (12)
RCM is not applicable on previous year audit fees becuase previous year audit fees outstanding as per previous financial statement and not incurred current year in gst
RCM applicable if Bill date is after July 17...
If you pay now after July then you have to pay RCM......
Also you have to considered invoice date & payment date for exact provision
The point of taxation under service tax being completion of service and billing which presumably is over- no GST applicable if payment received after 1st July 17.
In a Delhi HC decision on a similar matter when exemption for cash based payment of ST was made applicable upto Rs. 50 Lakhs, the rendition of service was held to be of paramount importance.
Therefore all debtors o/s as on 1st July would be only under the old law.
(Also you have to considered invoice date & payment date for exact provision)
Please explain the Consideration...
Bcoz, In my view. It's not available for audit / filing after July...
Please explain the Consideration...
Bcoz, In my view. It's not available for audit / filing after July...
date is 17 August 2017 and if it will be by chaque so..
RCM applicable...
How TO Get Comesnorate Code Range Pls Tell me
VERY SIMPLE IF YOU BOOK THIS EXPENSES AFTER 1.7.17 , THEN RMC APPLICABLE , BUT IF YOU HAVE BOOKED THIS EXPENSES BEFORE 1.7.17 THAN NO LIABLE
Mr. Anuj, you booked exp last year through provison mode hence, no RCM applicable
AGREE WITH MADHUKAR SIR
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