Menu
Wrongly paid on RCM
what if I paid gst on RCM which is not at all required to pay under RCM and should be paid by the supplier of service ? Can the supplier adjust his liability for the gst which is wrongly paid by the receiver on RCM?
Replies (4)
No,the supplier cant adjust it with his liability,one thing you can do is adjust it with your actuall liability..
Thanks for the response.. But the problem here is I do not have gst liability since I am dealing with exempted goods..Only thing I have is RCM..in that case, the gst paid which I have paid wrongly under RCM, can I claim refund or is there any other way..
There is no provision for refund of RCM paid,you can adjust it with your upcoming rcm liabilities
What is RCM is not applicable now onwards?
Recent Threads
- Deferment period for Advance Tax under Section 234
- Permanant transfer of duty free goods by Advance A
- 1% TDS Deduction on Property purchase through inst
- Tax on leave encashment on retirement
- Guidance Required on Notices Under Section 234B Af
- Rcm invoices and normal invoice
- Regarding STCG on Equity
- GSTR 9 details with same PAN & different Turno
- Hotel ITC
- ITR for Trust- 12A
Related Threads
CAclubindia
