Hi,
we have franchise agreement with foregin company and quarterly invoicing is mentioned in the agreement but foregin company is not issuing invoice since long.
do I need to deposit advance gst under Reverse charge without receiving any invoice ?
As per section 13 CGST Act
RCM can be paid on :
the date of payment as entered in the books of account of the recipient or the date on which the payment is debited in his bank account, whichever is earlier.
So you can Raise payment Voucher as per (Sec 31(3) (g) – Rule 52 & do the RCM
Note : Kindly raise self tax invoice also
CAclubindia
