not refelct in GSTR 2B 5. Self invoice where we have to upload in GST Returns? 6. For Import of Services Which GST Returns we have to file under QRMP Scheme 7. How to claim ITC in self invoicing as it will not reflect in GSTR 2B under QRMP Scheme.Leave...
In the instance that, the Invoice value for the quarter is lesser than RCM paid based on 2 months provisions, there would be no requirement to reverse RCM paid or ITC claimed, as it has a NIL revenue impact. Recent update in Section 13 of IGST Act 2018 (Amendment Act w.e.f. 1st ...
This also helps simplify the application of tax liability under RC for foreign goods and services. The tax for this category i.e. for the import of service has to be paid in cash or bank. The ITC from GST can be utilized within the same month, and to the extent of the IGST paid up...
1. **RCM Liability:** When certain services are availed from an unregistered supplier or specific goods/services are procured as per GST law, the liability to pay GST shifts from the supplier to the recipient. This is known as Reverse Charge Mechanism (RCM). ...