Is RCM applicable on the provision of expenses (legal fees) that we do on 31st March in our books?
Menu
RCM on provision of expenses
Replies (3)
Legal fees paid to the Advocate ?
please elaborate your query
please elaborate your query
I have basically made a provision for the legal fees to be paid to an advocate on 31st March. I want to know whether I am supposed to pay RCM on it in my March Return or am I supposed to pay RCM when I actually remit the amount to the advocate?
In TDS, we deduct and pay TDS even when provision is made. That's why I have this confusion.
GST liability on reverse charge arise only at time of making payment or with in 60 days from the date of issue of invoice whichever is earlier.
In the given case when provision booked in books .Hence reverse charge liability has not been arised.
In the given case when provision booked in books .Hence reverse charge liability has not been arised.
Recent Topic
- SBI direct mutual funds ITR
- 44AE Section
- FEMA compliant structure
- Tax obligation in AY 2026-27
- EFILING ITR2 FROM COMMON FILING UTILITY
- SBI gold bond interest
- PPF Interest Exempt - But what drop down to choose
- Itr2 or itr3 intraday trade 1 loss of 70 paise
- Calculation of IT
- CA FINAL FR IndAS 33 Doubt(Corrected)
Related Topics
CAclubindia
