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RCM mechanisum

RCM 821 views 13 replies
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173 Points Posted on 28 July 2017
where RCM to show in gst return. and I am giving job work should it is necessary to create RCM invoice. what is it's procedure
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On 28 July 2017 at 12:09 Report
Replies (13)
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Proprietor
4869 Points Posted on 28 July 2017
there is a separate field in the return for inward supply under rcm
18 Reply
On 28 July 2017 at 12:31
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Manager-Accounts & GST Consultant
5124 Points Posted on 28 July 2017

It will be available in GSTR-2

34 Reply
On 28 July 2017 at 12:56
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1518 Points Posted on 28 July 2017
Registered dealer purchase from unregistered dealer then RCM is applicable and register dealer is liable to issue invoice and pay tax under RCM
3 Reply
On 28 July 2017 at 12:57
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1518 Points Posted on 28 July 2017
RCM purchase is shown in GSTR 2
3 Reply
On 28 July 2017 at 12:58
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article
213 Points Posted on 28 July 2017
payment under RCM need to show in gstr-1 and to claim ITC need to show in gstr-2 .
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On 28 July 2017 at 13:18
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Chartered Accountant
1085 Points Posted on 28 July 2017

RCM ITC will be shown in GSTR 2 and to pay RCM amount one should raise invoice on self.

7 Reply
On 28 July 2017 at 14:17
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173 Points Posted on 28 July 2017
what about RCM on job work
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On 28 July 2017 at 15:11
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article
213 Points Posted on 28 July 2017
RCM amount need to pay are not required to show in GSTR1
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On 28 July 2017 at 16:20
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Manager-Accounts & GST Consultant
5124 Points Posted on 28 July 2017
Originally posted by : mehul patel
RCM amount need to pay are not required to show in GSTR1

 

 

Please elaborate, how to pay then?

34 Reply
On 28 July 2017 at 16:58
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article
213 Points Posted on 28 July 2017
Thanks for valuable information
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On 28 July 2017 at 17:26
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ca
359 Points Posted on 28 July 2017

IN CASE OF RCM THERE  IS NO INPUT TAX CREDIT

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On 28 July 2017 at 17:51
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Accountant
31 Points Posted on 28 July 2017

Please confirm no RCM will be applicable upto Rs.5000/-(cash payment) on purchase/ job work if service provider/seller not registered.
 

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On 28 July 2017 at 18:36
Guest

no notifiction in this regard 

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On 30 July 2017 at 09:43


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