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rcm gst payment
can we use itc for payment of gst under rcm or we have to pay in cash rcm gst tax.
Replies (31)
in cash only, for RCM.
Firatly you have to pay in cash/cheque then you will get ITC of RCM.....
@ CA RASHMI GANDHI
expenses on july month. rcm payment on aug 17. in which month we will claim itc
expenses on july month. rcm payment on aug 17. in which month we will claim itc
@ CA RASHMI GANDHI
expenses on july month. rcm payment on aug 17. in which month we will claim itc
expenses on july month. rcm payment on aug 17. in which month we will claim itc
In august itself.....
@ CA RASHMI GANDHI
In august itself means.. claiming in aug month return filing..aug month return due is sep its ok..pls clarify clearly
In august itself means.. claiming in aug month return filing..aug month return due is sep its ok..pls clarify clearly
Sorry. You can claim ITC in July month.......
ok thank u
But, You ll be pay interest on that RCM tax payment.....
@ RAJA P M
Sir..why interest to be payable.let i know what is due date for RCM payment without interest. pls clarify sir
Sir..why interest to be payable.let i know what is due date for RCM payment without interest. pls clarify sir
Due date for the RCM related tax payments is the date of transactions and receipt/booking of transaction.....
If you purchased goods on 31st July also you have received the material and bills on 31st you pay Tax on 31st...
Your employee ll be receive any supplies on travelling for the period of 10th July to 15th July. He ll reach in office on 17th July and give the details on 17th. Some bills received from URD on 13th. But, He give the details on 17th and you account it on 17th. Then you ll be pay Tax on 17th July....
If you don't pay on 17th then you calculate interest 18% after the payment date....
Your employee ll be receive any supplies on travelling for the period of 10th July to 15th July. He ll reach in office on 17th July and give the details on 17th. Some bills received from URD on 13th. But, He give the details on 17th and you account it on 17th. Then you ll be pay Tax on 17th July....
If you don't pay on 17th then you calculate interest 18% after the payment date....
thanks for your kind explanations.
Raja No interest is payable on such transaction......
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