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RCM liabilty on Contractor Bill
If advance payment to contractor Rs.50000/-/made on 22.7.17 nd final bill raised by party on 2.8.17 for Rs.85000/- . when will RCM liability to br raised nd on what amount
Replies (4)
If the contractor is URD. Then you ll be pay RCM on 2.8.17 for the bill amount of Rs. 85000
Advance receipts are payable tax under GST. Advance paid is not taxable for payer.
Receiver is registered then they ll be pay Tax on advance received.....
Receiver is registered then they ll be pay Tax on advance received.....
I agree with Mr Raja
I am also of the same opinion.
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