But in some cases, the Recipient of Goods/Services is liable to pay GST instead of the supplier. This is in essence Reverse Charge.1. When is RCM under GST applicable?Under GST, there are three types of reverse charge scenarios, which are:...
18 July 2020VIPUL JAIN Dear Sir Please clarify that, if the director has charged GST under forward charge for professional fees then also company is liable to pay GST on RCM basis ? 23 July 2020Anoop Gupta As per the provisions of GST Act Section 9(3) in case of notified goods and se...
For paying GST under RCM basis, you need to prepare a "SELF INVOICE" as provided under Section 31(3) clause (f) of the CGST Act 2017 on the date of receipt of goods or services and also you need to issue a Payment Voucher to the Supplier acknowledging the payment. Accordingly you ...
Refer Document EMD Refer Document Document Cost Refer Document auction sale of details as per vehicle information proforma gst = 18 the h 1 bidder will have to pay applicable gst amount to concerned gst authorities under reverse charge mechanism (rcm). quantity : 1 lot lmv mahindra - kl 01 ...
01 December 2020 I have paid GST under RCM for supply received. In GSTR 3B i have claimed the amount paid under RCM as input and it is showing in my credit ledger. Now, the supplier has cancelled the deal and also uploaded a credit note which is showing in my GSTR 2A. If I rever...
At the short term, under the RCP4.5 scenario and according to the ensemble mean, the highest increases of the monthly precipitations, with respect to the reference period, are in January (+19.0%), November (+10.8%, robust change) and October (+6.9%), while the highest decreases are in ...