I have one doubt that whether the credit of GST paid on RCM basis is available in same month or in next month. Please throw some light on the ambiguity,...
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Itc of gst paid on rcm basis
Replies (18)
Same Doubt
IN NEXT MONTH
its doubtfull because if such provision continues then there will be increase in working capital cost
its doubtfull because if such provision continues then there will be increase in working capital cost
if paid tax on RCM in same month then only can take credit, if not then in next month because
credit can be taken after payment of tax
in the same month but not against the itc
but against the net liability.
but against the net liability.
As we know that gst under rcm
should be paid in cash
we can not this liablity with other input credit availble
so first we have to pay in cash
then we can take credit for same
in the month in which we make the payment
should be paid in cash
we can not this liablity with other input credit availble
so first we have to pay in cash
then we can take credit for same
in the month in which we make the payment
* not use
| Originally posted by : RAMESH D MODI | ||
 |
in the same month but not against the itcbut against the net liability. |  |
Dear Mr. Jitendra,
I am just elaborating the issue that if i have paid tax of rcm of july in august then i can take credit in august return or july return?
in august return
in short u have to pay tax in case not lesser than tax payable under rcm.
If there is a gst payable then it shall be after deducting the gst paid on rcm basis I.e credit is available in the same month but if no tax is payable in current month then it shall be carried forward to next month
GST paid on Rent can be taken as Input ?
If yes where to show in GSTR-3B
If yes where to show in GSTR-3B
| Originally posted by : CA YASIN MALKANI | ||
|
I have one doubt that whether the credit of GST paid on RCM basis is available in same month or in next month. Please throw some light on the ambiguity,... |
|
GST Credit of tax paid under RCM will be availble in the same month but liability will be discharged THROUGH return filling
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