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RCM Invoice Amount


Shraddha Sinari   28 November 2019

Shraddha Sinari

 2 likes  70 points

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I paid my advocate Rs. 10000, Under self invoicing (RCM) how should I include the GST amount? two scenarios are mentioned below pls help which one is correct.  

1. 10000+18%=11800 OR 

2. 8,474.58+18%=10000

avater

Gokul Sharma (jamshedpur)     28 November 2019

Gokul Sharma
jamshedpur 
 106 likes  3217 points

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Pay rs 10000 to advocate and pay tax to govt under rcm on 10000 ie 1800

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RAJA P M ("Do the Right Thing...!!!")     28 November 2019

RAJA P M
"Do the Right Thing...!!!" 
 8320 likes  113778 points

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Yes I agreed to Mr Gokul Sharma...

&

@ Mr Shraddha Sinari.,

1st option is correct.

Pay 10k to advocate as per his bill...
Pay GST Rs 1180 to GST as rcm and avail ITC Rs 1180 as per POS...

1 Like
avater

Pankaj Rawat (GST Practitioner)     28 November 2019

Pankaj Rawat
GST Practitioner 
 3418 likes  46379 points

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Option 1st need to be followed

avater

Jamil Ahmed   28 November 2019

Jamil Ahmed

 13 likes  276 points

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If you choose 2nd option, you would not be able to claim ITC.

avater

RAJA P M ("Do the Right Thing...!!!")     29 November 2019

RAJA P M
"Do the Right Thing...!!!" 
 8320 likes  113778 points

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Originally posted by : Jamil Ahmed
If you choose 2nd option, you would not be able to claim ITC.

 

No way for choose this option. In case its (2) choose then its create problem in future (on Audit)


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