TaxTMI 
TaxTMI 
RAJESH ACCOUNTANT
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....AJESH ACCOUNTANT<br> Query (Issue) Started By: - rajesh subramanian Dated:- 9-1-2019 Last Reply Date:- 19-1-2019 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>DEAR SIR WE ARE PVT LTD COMPAN....
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....Y, WE ARE PAYING 11500 / PER MONTH AS SECURITY CHARGES ( MONTHLY SALARY FOR NIGHT SHIFT ) TO AN INDIVIDUAL . THIS WILL COVER UNDER RCM ? IF WE ARE PAYING GST UNDER RCM , SHL WE TAKE CREDIT ? Reply By....
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.... KASTURI SETHI: The Reply: See Serial No.14 of Notification No.29/18-CT(Rate) dated 31.12.18 effective from 1.1.19. ITC can be taken after payment of tax in cash. Reply By Ganeshan Kalyani: The Rep....
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....ly: Input Tax Credit is allowed in the same month of payment of tax under reverse charge. Thanks Reply By Spudarjunan S: The Reply: Dear Sir, You are liable to pay RCM under GST for the Security c....
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....harges received by you from an Individual w.e.f 01st January 2019 in lieu of notification no.29/2018 C.T(R) dated 31st December 2018. In case of RCM liability you need to make the payment through cas....
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....h and can avail the credit of the same in the same return in which the payment towards the liability has been made. The eligibility of the ITC is to examined under section 16, 17(1) & 17(2) of CGST A....
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....ct. i.e. what is your outward supply taxable/exempted, whether used for business purpose or not and so on. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: I endorse the views of the experts.<br> Disc....
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