RCM Liability Payment

RCM 879 views 11 replies
User Avatar

Gst Practicion
702 Points Joined May 2016

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?

1 Reply Share Follow
On 15 October 2017 at 09:47 Report
Replies (11)
Guest

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

 

Reply
On 15 October 2017 at 10:05
User Avatar

"Do the Right Thing...!!!"
128111 Points Joined January 2015
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...?
Reply
On 15 October 2017 at 10:10
User Avatar

Gst Practicion
702 Points Joined May 2016
Raja ji, We create the rcm liability for the September month, but not paid the liability
Reply
On 15 October 2017 at 10:16
User Avatar

33 Points Joined October 2017
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...
Reply
On 15 October 2017 at 10:25
User Avatar

Student CA Articleship
848 Points Joined June 2015
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.
Reply
On 15 October 2017 at 10:27
Guest
pl share the above mentioned notification
Reply
On 15 October 2017 at 10:35
User Avatar

Student CA Articleship
848 Points Joined June 2015
https://goo.gl/7RRptz
Reply
On 15 October 2017 at 10:45
User Avatar

Gst Practicion
702 Points Joined May 2016
Thanks all
Reply
On 15 October 2017 at 11:33
User Avatar

MANAGER (FINANCE & ACCOUNTS)
30 Points Joined March 2011

The effective date is 13/10/2017 only till then you have to pay the rcm

Reply
On 15 October 2017 at 15:41
User Avatar

15 Points Joined August 2017
Should i need to pay rcm for october
Reply
On 16 October 2017 at 09:07
User Avatar

Student CA Articleship
848 Points Joined June 2015
Pay for transactions upto 12th October
Reply
On 16 October 2017 at 10:08


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading