Hello
Have paid RCM liability (for expenses) for my clients for the month of july 17 but the ITC for the same is not yet reflected in electronic cash ledger.
plz help me in this regard.
How can I use the ITC for RCM paid in july 17 for month of Aug 17 ?
Menu
RCM credit in electronic credit ledger
Replies (3)
Dear Sameer.,
Are You can't adjust it on July return...?
If yes. Then can't reflect....
Are You can't adjust it on July return...?
If yes. Then can't reflect....
As per provisions- RCM paid on expenses can be utilised as ITC in the next month. By that logic RCM paid on exp of july should reflect in electronic credit ledger. But the same is not reflected. hence I am not able to use it for Aug 17. plz help
Sameer
Check your bank a/c and see whether you have debited for the RCM amount or not. Otherwise it reflect instantly or in a day or two. If you bank shows debit entry and still not reflected in your cash ledger you may write to help desk or contact nearest GST SDeva kendra
Check your bank a/c and see whether you have debited for the RCM amount or not. Otherwise it reflect instantly or in a day or two. If you bank shows debit entry and still not reflected in your cash ledger you may write to help desk or contact nearest GST SDeva kendra
Recent Threads
- Shall I pay GST payment for unkonwnly cancelled in
- Error in GSTR1 filing for October 25
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
Related Threads
CAclubindia
