RCM

In some cases Like GTA services to partnership firm Whether reg or not still firm is liable to GST

Sugam SM

CA Inter

★ 9K+

26-Mar-23 22:15

No, I'm asking RCM is applied for certain transactions whether or not supplier is reg or not? And In RCM cases only recipient should pay tax? In GTA 5%RCM & 12% FCM so,supplier required to pay gst if he reg and if any RCM cases arises then supplier won't pay but recipient will pay?

Thread Starter

Kamal Kumar

CA Inter

★ 7K+

26-Mar-23 22:39

If RCM arises recipient shall pay GST. Under FCM supplier shall pay GST.

Sugam SM

CA Inter

★ 9K+

26-Mar-23 22:48

Plz break down questions clearly. I am not able to understand your query.

Sugam SM

CA Inter

★ 9K+

26-Mar-23 22:50

In RCM provisions whatever are the exceptions then they are either paid on FCM or those supplies might be exempt.

Sugam SM

CA Inter

★ 9K+

26-Mar-23 22:52

Under all RCM cases recipient is liable to pay GST except in GTA and transportation, author cases where they gave the option for supplier to either opt for RCM OR FCM If supplier is registered and supplying g&s which are chargeable to tax under RCM -he will issue invoice but will not collect tax recipient only will pay tax If supplier is unregistered and supplying g&s which are chargeable to tax under FCM- SUPPLIER cannot issue invoice also

Harshitha Kalidindi

CA Inter

★ 45K+

27-Mar-23 04:09

Yes for specific transactions covered under Section 9(3). However, in certain cases Section 9(3) RCM will apply only if recipient is registered person.

Shiva Teja

Faculty

28-Mar-23 17:58

why gst law pay tax under RCM? Because, registered person only can pay gst, obviously that person will pay gst and if no body registered then no one will pay gst so,what is the motive behind to implement RCM?

Thread Starter

Kamal Kumar

CA Inter

★ 7K+

29-Mar-23 14:19

If a transaction is covered under RCM then the recipient should take registration mandatorily as per Section 24.

Shiva Teja

Faculty

30-Mar-23 00:23