RCM OF 2018-19

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..... RCM OF 2018-19
Query (Issue) Started By: - KERAGODEGOPALARAO ANANTHARAO Dated:- 6-12-2020 Last Reply Date:- 18-12-2020 Goods and Services Tax - GST
Got 5 Replies
GST
RCM ON FRIEGHT NOT PAID FOR THE YEAR 2018-19, AT THE TIME OF GST AUDIT PARTY IS READY TO PAY THE RCM. HOW TO PAY, TO TAKE CREDIT IN CURRENT YEAR Reply By PAWAN KUMAR: The Reply: Dear Sir, YOu need to pay along with int .....

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..... erest. ITC will not be available in this case. It will become cost. Reply By Bhavika Chothani: The Reply: You can pay it now along with interest but please note ITC will not be available now Reply By Shilpi Jain: The Reply: If the supplier of this service is an unregistered person, there would be a requirement of issue of self invoice by the supplier. If such invoice is issued now there could .....

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..... be a possibliity of availing credit as it becomes an invoice of FY 20-21. Reply By PAWAN KUMAR: The Reply: where is the provision, please mention Reply By Guravaiah Manam: The Reply: RCM on Freight is Not applicable upto Sep 2019. if you want to pay the RCM After Oct 2019 to Mar 2020 bills , you must pay the rcm along with interest. Regarding ITC , you can take ITC if you not yet file the se .....

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..... pt 2020 return or annual return 2019-20 Time limit to claim ITC against an Invoice or Debit Note is earlier of below dates: The due date of filing GST Return for September of next Financial year OR Date of filing the Annual Returns relevant for that Financial year Regards, Guru
Discussion Forum - Knowledge Sharing .....

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