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RCM liabilty on Contractor Bill

RCM 201 views 4 replies
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3 Points Posted on 04 August 2017
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
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On 04 August 2017 at 17:17 Report
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"Do the Right Thing...!!!"
128152 Points Posted on 04 August 2017
If the contractor is URD. Then you ll be pay RCM on 2.8.17 for the bill amount of Rs. 85000
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On 04 August 2017 at 17:31
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"Do the Right Thing...!!!"
128152 Points Posted on 04 August 2017
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.....
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On 04 August 2017 at 17:32
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1464 Points Posted on 04 August 2017
I agree with Mr Raja
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On 04 August 2017 at 18:11
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343 Points Posted on 04 August 2017
I am also of the same opinion.
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On 04 August 2017 at 20:29


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