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
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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
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