In RCM recipient have to pay GST liability earlier of payment date or 60 days from the date of issue of invoice by the vendor
If I have received the invoice from vendor after 60 days from the date of invoice then what I have to do
Is there any panelty which I have to pay or any other implications if I booked invoice after 60 days then paid the RCM GST liability ?
Please guide me
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Payment of RCM Tax liabiltity
Replies (1)
Yes you need to pay Interest @ 18%
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