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Rcm liability under gst through cash

RCM 569 views 6 replies
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accoutant
186 Points Posted on 28 July 2017
Sir
Please clear my doubt regarding payment of rcm under gst through cash. supposed my rcm liability for the month of July is 15k. then how I will deposit it. because limit is only 10k
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On 28 July 2017 at 18:39 Report
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199 Points Posted on 28 July 2017
If the payment exceeds Rs.10000, payment by other modes such as net banking, DEBIT CARD, credit card etc. are available.
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On 28 July 2017 at 19:03
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accoutant
186 Points Posted on 28 July 2017
But is it mandatory that payment of rcm liability under gst will be paid by cash only. Every experts told me that rcm liability will be paid by cash only
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On 28 July 2017 at 19:18
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6 Points Posted on 28 July 2017
Cash in the sense you should not use input tax, pay total RCM and not the form like cash, net banking or cards.
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On 28 July 2017 at 19:52
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1518 Points Posted on 28 July 2017
RCM is paid by cash ledger in which cash is loaded by net banking, credit card, debit card
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On 28 July 2017 at 20:00
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accoutant
186 Points Posted on 28 July 2017
Means any other mode we can make payment of rcm liability cash, net banking etc
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On 28 July 2017 at 20:10
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1518 Points Posted on 28 July 2017
Yes RCM is paid only by cash ledger and not with ITC available in credit ledger
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On 28 July 2017 at 20:13


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