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)
Quick Summary
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 Topics :
- NRI since March 2023 – resident savings acco
- My All-Time Top 15 Indian Web Series
- Wrong date of invoice
- Paper 6 - IBS
- Chhath Puja 2026 Dates Timing Tithi
- Tax Benefit on Second Property
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
Related Topics :
CAclubindia
