GST Under RCM

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..... GST Under RCM
Query (Issue) Started By: - Niraj Kumar Dated:- 22-3-2025 Last Reply Date:- 25-3-2025 Goods and Services Tax - GST
Got 4 Replies
GST
Hi... We have a rental office. We depos .....

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..... it GST as per the rent agreement under RCM. On 28th Feb, we paid rent to the house owner and missed depositing the GST. Now we are paying the rental for March and depositing GST for two months. Will .....

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..... it cause any penalty on us? Reply By KASTURI SETHI: The Reply: Pay along with interest now.. No penalty is  leviable. See Section 73 (5), (6), (7) & (8) of CGST Act. Reply By Sadanand Bulbule .....

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..... : The Reply: Simple and effective reply Sir. Reply By Shilpi Jain: The Reply: Where tax is paid voluntarily there will not be any penalty. Just pay it along with interest calculated at 18% p.a .....

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..... . Reply By Ganeshan Kalyani: The Reply: Yes, interest applies.
Discussion Forum - Knowledge Sharing .....

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