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clarification about RCM
gov. said that now RCM extend upto 31.3.18 but if i dont deposit RCM then how we setoff our liabilities which is stand of sale of goods kindky explain it
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concept of rcm is pay tax and take input , when rcm is suspended u need not pay tax , so there will be no input .
so to set-off liability follow normal procedure , I.e, out gst - input gst is payable ,pay by cash
so to set-off liability follow normal procedure , I.e, out gst - input gst is payable ,pay by cash
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