Reverse charge mechanism is the case in which the receiver of goods is obligated to pay GST rather than supplier. Reverse charge mechanism (RCM)
Accounting Treatment of Reverse Charge Mechanism Key points dealing with RCM Who will issue the RCM invoice? RCM on freight limit 750 How are services by e-commerce operators treated under RCM? GST RCM on foreign expenses RCM under GST Transportation RCM on labor charges under GST Business liabl...
GST @ 5% is required to be paid by the Recipient under Reverse Charge Mechanism (RCM) as per Section 9(3) of the CGST Act 2017 read with Notification No. 13/2017 - Central Tax ( Rate ), dated 28th June 2017, if you have received services from a GTA ( Goods Transport Agency ).For...
2022] upheld the judgement given by the Hon'ble Gujarat High Court to hold that no IGST is payable on ocean freight under Reverse Charge Mechanism ("RCM") for Cost, insurance, and freight ("CIF") imports as Indian importer is liable to pay IGST on the 'composite supply', comprising of...
Bhavika Kothari (CA) (1258 Points) Replied 19 July 2021 Reverse Charge Mechanism (RCM) on Facebook Advertisement Service is applicable since inception of GSTLeave a reply Your are not logged in . Please login to post replies Click here to Login / Register ...