We received service on RCM basis from unregistered person , such as Transporter, advocate, etc. and pay the rcm and take input.
The transporter or advocate raise his bills
and on the basis of we pay the rcm & take input
But sir as per sec.31 (3) (f) cgst , is it necessary or mandatory to prepare self invoicing on above RCM services & on that self invoicing we are entitled to take input.
Pl.guide
Menu
Invoice under section 31(3) (f)
Replies (5)
As per the above mentioned section 31(3)(f) of the CGST Act , only if Goods or services or both were received from unregistered person, then it is mandatory to prepare Self Invoice and pay tax under RCM , in case RCM applicable .
I am not understand - CGST Act only ?
At existing practice transporter, Advocate give their bill & on the basis of bills we are paying RCM & take input credit. We are not preparing self invoicing.
In such circumstances what happens -means penalty , disallowance of input credit , etc
At existing practice transporter, Advocate give their bill & on the basis of bills we are paying RCM & take input credit. We are not preparing self invoicing.
In such circumstances what happens -means penalty , disallowance of input credit , etc
If transporter ( GTA) & Advocate are unregistered, then you have to prepare Self Invoice and pay the tax under RCM as per section 31 . ( They can not prepare Tax Invoice) , take more Opinion on this .
If u r d suppliers are issuing invoices then u need not again issue self invoice. it will be technicle action. no ITC will be disallowed. if u r d is not issuing any invoice, then u should issue self invoice.
Ok, धन्यवाद , आभारी आहोत.Very very Thanks
Related Topics
CAclubindia
