CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

What can be done if rcm on gta is not paid in 2017-18?


Manjiri (GST Practitioner)     18 June 2019

Manjiri
GST Practitioner 
 29 points

| My Other Post

One of my client did not pay RCM on GTA in 2017-18 due to misunderstanding of Notification of Cancellation of RCM after sept 2017. What is solution on this now?
 

avater

Twinkle Kihhan   18 June 2019

Twinkle Kihhan

 4 likes  64 points

View Profile | My Other Post

The same to be paid along with interest @ 18% for the delay made. Either in annual return or the subsequent month return

1 Like
avater

CA Haritha Komma (Chartered Accountant)     18 June 2019

CA Haritha Komma
Chartered Accountant 
 76 likes  1132 points

View Profile | My Other Post

Suggestible to pay through DRC 03 along with interest..

1 Like

Manjiri (GST Practitioner)     18 June 2019

Manjiri
GST Practitioner 
 29 points

View Profile | My Other Post

Thank you for your reply! If we pay in annual return can we claim principle amount in next month as we do in regular RCM?

avater

CA Haritha Komma (Chartered Accountant)     18 June 2019

CA Haritha Komma
Chartered Accountant 
 76 likes  1132 points

View Profile | My Other Post

No. ITC of 17-18 cannot be availed now..

Manjiri (GST Practitioner)     18 June 2019

Manjiri
GST Practitioner 
 29 points

View Profile | My Other Post

It won't be ITC it will be RCM which we will be paying now. Usually we pay rcm in this month and get it as itc in next month. My client has not paid RCM nor claimed ITC against it. Is there any provision for same in annual return?

avater

Pravin Mendse (Proprietor)     19 December 2019

Pravin Mendse
Proprietor 
 34 points

View Profile | My Other Post

What if cotton lint purchase, is RCM applicable for cotton lint?


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Related Threads


Loading

Popular Discussion


view more »



Trending Tags
shares stock
income tax
llp
gst portal
aatmanirbhar bharat
exams
ca exams
students
tin nsdl
gstr 3b
audit
gst
icsi
tds
career
icai
rbi
Professional Resource
companies act 2013
eway bill
itr
mca

GST Live Class    |    x