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Procedure to unclaimed gst

331 views 9 replies
Sir, We are security service provider previously we are in RCM.but in GST RCM is not applicable to us.Some invoice which were related to Jan,Feb,Mar 2017.whose payment received to us on Sep & Oct 2017(Including GST).I am unable to understand how to met out this liability & what is the accounting treatment for GST we have received.
Replies (9)

Don't be Confused with GST...

The GST applicable only for service (Goods) providing After 1st july. Not on before July.

You just account the payment as Normal accounting entry...

After GST you ll be give GST bill if you are registered..

But Sir Clients are giving GST to us prior GST bills.

How to treat GST.Which is given us on prior GST bill.We should refund this GST to Client or we should pay this GST to Govt.

 

you leave it as no claim

Originally posted by : Mangal Singh Khinchi
How to treat GST.Which is given us on prior GST bill.We should refund this GST to Client or we should pay this GST to Govt.

 

Explain your transation...

Bcoz, I can't undrstand your view...!

Sir,

    We have generate arrears bill of jan,feb,mar & Apr 2017 bill without Service Tax because at that time we are in RCM.But we have recieved payment of theses bill including GST.I want to know that what should we do this GST amount which we had receive.

 

We should deposit this GST or refund to client.

 

Billing Date...!!!

Billing figures....!!! (Values)

S. No.    Billing Date              Amount(in Rs.)            Passed Amt.                 TDS                GST              Amount Credited         Payment Received date

1.           08/06/2017                 1694                             1999                           17                  305                     1982                                 18/09/2017

2.           08/06/2017                 4964                             5858                           50                  894                     5805                                 11/09/2017

3.           30/06/2017                270611                       319321                        2706              48710                316615                                12/10/2017

4.           01/05/2017                 12671                         14952                         127                  2281                  14795                                13/10/2017

5.           01/05/2017                 30216                         35655                         303                  5439                  35352                                13/10/2017

6.          01/05/2017                  30216                         35655                         303                  5439                  35352                                 13/10/2017


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