TaxTMI 
TaxTMI 
TaxTMI 
Dear Sir,
what will be effect if we are going to conclude the liability under RCM for the month of June 2017, in the Month of July 2017 ?
if paid in July 2017 , may be GST Rate applicable.
Arjun Sachdeva
Cell NO. 9251400801
Service Tax Liability for June 2017
MITSUI PRIME ADVANCED
Reverse Charge Mechanism: GST rate applies when RCM liability is discharged in a later tax period than accrued. Liability under the Reverse Charge Mechanism arising in one tax period but discharged in a subsequent period is subject to the GST rate applicable at the time of payment; where an RCM liability attributable to an earlier month is paid in a later month, the GST rate prevailing in the month of payment governs. (AI Summary)
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