RCM Under GST Transportation RCM on Labor Charges Under GST Business Liable to pay Reverse Charge on GTA Services How can Deskera Help You? Key Takeaways Related ArticlesRCM or Reverse Charge Mechanism refers to the process in which the purchaser is a registered individual and purchases goods fro...
Advance paid for reverse charge supplies is also liable to procure GST. The person making advance payment has to pay tax on a reverse charge basis.5. Can you get Input tax credit (ITC) on transactions under RCM?Under the reverse charge mechanism, the recipient of goods cannot claim ITC as...
Our Gross Receipts are from 2 sources i e from sales of material and transportation services Now my question is 1 Whether I am liable to pay GST on outward transportation charges 2 Whether GST payable under RCM on inward Transportation Charges paid