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
5 Replies
Gokul Sharma
(jamshedpur)
(4104 Points)
Replied 28 November 2019
Pay rs 10000 to advocate and pay tax to govt under rcm on 10000 ie 1800
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 28 November 2019
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...
&
@ 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...
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 28 November 2019
Option 1st need to be followed
Jamil Ahmed
(615 Points)
Replied 28 November 2019
If you choose 2nd option, you would not be able to claim ITC.
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 29 November 2019
| 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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