Sanjiv Kumar Goel asked 5 years ago
Adjustment of RCM deposited in One product and set off against other sold by the same dealer
Adjustment of RCM deposited in One product and set off against other sold
Can RCM deposited on the freight of Petrol and Diesel purchased by the dealer be adjusted against GST payable on the sale of cement by the same dealer i.e. GSTIN is same
Answer the question2 Answers
CA Sandip Agarwal answered 5 years ago
RCM needs to be paid in cash . It does not matter whether we purchase goods on forward charge basis from the same dealer
Sanjeev Kumar Goel answered 5 years ago
RCM is paid in cash and after that RCM becomes input and then it can be adjusted against the out put liability.
