RCM not deposited

GTA bill booked inJan 23 but forgot to charge RCM.

same RCM liabilities book and paid in Sept 23 .

in this case intrest applicable.
Replies (10)
Quick Summary
This discussion addresses a scenario where Reverse Charge Mechanism (RCM) liabilities were booked and paid late. It confirms that interest is applicable in such cases. The calculation method for the interest is provided, involving the RCM amount, the applicable tax rate (though a point of contention regarding 18%), and the number of days the payment was delayed.

Yes, definitely applicable...
How calculate can you explain
RCM Rs. XXXXX * 18% / 365 * No of days from Feb 21st...
Who said 18% ???
Your question to.........

Yes, Interest applicable 

You do not hv to reply to every question.
raja
Originally posted by : sabyasachi mukherjee
You do not hv to reply to every question. raja

You just give correct reply, otherwise don't attend queries...

Originally posted by : sabyasachi mukherjee
Who said 18% ???

You don't know ask a separate question to Experts...

Otherwise go to training classes...

Maintain some ethics at leat.

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