We have a security vendor on whose bill we pay GST on RCM basis. We need to issue debit note to them for some charges against one bill, shall we use RCM in that debit note??
Deepshikha Sharma (Tax Manager) (137 Points)
08 March 2021We have a security vendor on whose bill we pay GST on RCM basis. We need to issue debit note to them for some charges against one bill, shall we use RCM in that debit note??
Amit Potadar
(Consultant)
(135 Points)
Replied 08 March 2021
Hi Deepshikha,
You do self invoicing as you are discharging GST liability on RCM basis. Don't raise it on vendor name.
Deepshikha Sharma
(Tax Manager)
(137 Points)
Replied 08 March 2021
Yes I thought so. It is our internal invoice related to RCM. So the Debit note will be without any GST portion and only the Basic Value will be mentioned on the same.
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