why tax on rcm basis has to be paid in cash under gst....??
Can anyone tell me why RCM has to be paid only in cash...?
CA Vivek chaudhary (Delhi) (1339 Points)
10 October 2019
CA Vivek chaudhary (Delhi) (1339 Points)
10 October 2019why tax on rcm basis has to be paid in cash under gst....??
CA Vivek chaudhary
(Delhi)
(1339 Points)
Replied 10 October 2019
Because as per section 49(5) ITC has to be utilised only for payment of output tax and tax on rcm basis is input tax liability , Therefore it has to be paid only through e-cash ledger.....
CA Dhruva Kalamanji
(Chartered Accountant )
(1996 Points)
Replied 10 October 2019
daxesh
(Manager Finance & accounts)
(195 Points)
Replied 10 October 2019
RAJA P M
("Do the Right Thing...!!!")
(127140 Points)
Replied 10 October 2019
Pankaj Rawat
(GST Practitioner)
(55032 Points)
Replied 10 October 2019
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