we had booked some expenses as per sec 9 (4), and charged gst as per rcm basis for the month of September 2017, now only that liability stands in my books September end, now govt deffered the rcm sec 9(4) rules upto 31.03.18. Can we pay the liability of rcm? Or entry will be reverse?
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RCM Liability Payment
Replies (11)
liability rcm ok
but as per government notifaction is date is mention for
from which date it will start
another thing even if u pay u can adjust it against ur tax
no matter in resverve the entry but with concern with law
Yes I agreed with Mr Samir...
@ Mr Mahendra Sahoo...
RCM suspended from October. But, September month RCM is applicable...
So, Why are you got doubt...?
@ Mr Mahendra Sahoo...
RCM suspended from October. But, September month RCM is applicable...
So, Why are you got doubt...?
Raja ji, We create the rcm liability for the September month, but not paid the liability
Will have to pay RCM liability in cash for September month also in notification it is stated that RCM mechanism will be applicable till 13/10/2017 so will have to pay RCM liability for month of October too in filing 3B next month...
Pay RCM GST for September
The notification from government is applicable only from 13.10.2017
So, don't charge GST on the transactions from 13.10.2017 to 31.03.2018.
If you have charged GST on transactions between 01.10.2017 to 12.10.2017,
then you can pay that amount to government while paying the October GST.
The notification from government is applicable only from 13.10.2017
So, don't charge GST on the transactions from 13.10.2017 to 31.03.2018.
If you have charged GST on transactions between 01.10.2017 to 12.10.2017,
then you can pay that amount to government while paying the October GST.
pl share the above mentioned notification
https://goo.gl/7RRptz
Thanks all
The effective date is 13/10/2017 only till then you have to pay the rcm
Should i need to pay rcm for october
Pay for transactions upto 12th October
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