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How to claim the credit of rcm

ITC / Input 647 views 12 replies
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Accounts Officer & In charge
3308 Points Posted on 29 January 2018

We have paid GST on RCM in the month of Dec, now we need to claim the credit. Can you please explain how do i need to claim the same.

 

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On 29 January 2018 at 10:42 Report
Replies (12)
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Student CA Final
63 Points Posted on 29 January 2018
you can claim as a same month input credit in which you are paid RCM.
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On 29 January 2018 at 10:57
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Accounts Officer & In charge
3308 Points Posted on 29 January 2018

How to claim in the same? If we claim in the same month then GST payable will be nil,

7 Reply
On 29 January 2018 at 11:09
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Student CA Final
63 Points Posted on 29 January 2018
first RCM paid in cash than it will be take its as credit and it is adjust with other liability of same month if you not have any other liability than it will be carry forward to the next moth.
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On 29 January 2018 at 11:17
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Student CA Final
11857 Points Posted on 29 January 2018
In GSTR3B u can claim in the same month
49 Reply
On 29 January 2018 at 13:33
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Accounts Officer & In charge
3308 Points Posted on 29 January 2018

 

It is right?

7 Reply
On 29 January 2018 at 17:02
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Student CA Final
11857 Points Posted on 29 January 2018
Ya it is right.... Total gst liability comes to Rs. 700....out of which Rs. 200 set off as Rcm
49 Reply
On 29 January 2018 at 17:18
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Accounts Officer & In charge
3308 Points Posted on 30 January 2018

Thank You Sir. 

7 Reply
On 30 January 2018 at 16:25
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173 Points Posted on 08 February 2018
i have not claimed RCM o. job work for the period July to Aug which I have paid . can I claim it now in jan return
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On 08 February 2018 at 19:48
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Student CA Final
11857 Points Posted on 08 February 2018
Yes u can claim in Jan month Gstr3B... And in respective month Gstr2 add RCM invoice at the time of filling GSTR2... When GSTR2 filing is enabled
49 Reply
On 08 February 2018 at 20:34
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Student CA Final
11857 Points Posted on 08 February 2018
Add RCM invoice in July to September month GSTR2 at the time of filling
49 Reply
On 08 February 2018 at 20:35
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Accounts Officer & In charge
3308 Points Posted on 10 February 2018
What is the GST rate for sponsorship received by the medical college for fest.
7 Reply
On 10 February 2018 at 12:25
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Student CA Final
11857 Points Posted on 10 February 2018
Gst on sponsorship services 18%
49 Reply
On 10 February 2018 at 13:42


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