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Rcm - advocate fees
I am a Business entity having turnover more than Rs. 10 Lacs and on 08.03.2016 I am receiving a bill of an Advocate of Rs. 4,20,000 on which i am suppose to pay ST under RCM. Since, I am not registered under ST and it will take 30 days for me to get registered have I to pay interest on the ST if I deposit the ST post 31.03.2016 since I will receive my ST number 30 days from 08.03.2016 i.e. 08.04.2016
Replies (3)
Point of taxation for Service receiver under reverse charge is date on which the payment is made to service provider.
The condition is that service receiver should pay within 6 months from issuance of invoice.
Dear Rinki,
Point of Taxation You Pointed Out is Correct But the Condition Stated is Changed w.e.f.1-10-2014 it is 3 Months from date of Invoice
Yes, Anjana. You are right! Thnx for correcting and updating.
Its the payment date or the first day that occurs immediately after a period of three months from the date of invoice, whichever is earlier.
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