Dear All,
how the GST RCM input and output works ..how we need to account the GST RCM in accounts.
Kindly explain the same in breif
Menu
GST RCM
Replies (2)
You need to deposit RCM amount, raise purchase invoice against the unregistered supplies and you can claim the amount of RCM in the same month as input.
Yes , have to create liability for RCM , deposit the same & as per section 31CGST Act Raise the Self Invoice for the same & can claim the input.
Note : Input can be claim only when you have deposited the RCM liabilities
Note : Input can be claim only when you have deposited the RCM liabilities
Recent Topic
- Bricks Klin
- Compile error in hidden module: Sheet1. (ITR 5 exc
- Is there a way to get refund for 26QB if paid twic
- How Important Is an MBA Course for Career Growth i
- Learn - How to Take Free Scheduled Auto Backup on
- UPi/Banking Remarks
- URGENT CLARIFICATION NEEDED REGARDING SFT- 005, PL
- What is the nature of business for Pranic Healing
- GST Clarification for billing
- Already tax paid Refund or
Related Topics
CAclubindia
