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GST REVERSE CHARGE

G SRINIVASAN (ASSISTANT MANAGER) (50 Points)

27 July 2020

Sir / Madam,

I need clarification regarding RCM paid on Government fees whether eligible for ITC. If yes in which ledger either cash ledger or credit ledger it will reflect in GST portal.

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8 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14230 Points)
Replied 27 July 2020

what type Government Fees will please Clarify ?.

G SRINIVASAN (ASSISTANT MANAGER) (50 Points)
Replied 27 July 2020

Government Trade licence

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 27 July 2020

In Which state?
To whom fee is paid, any Central Government, State Government, Union territory or local authority ??

G SRINIVASAN (ASSISTANT MANAGER) (50 Points)
Replied 27 July 2020

Licence Fee paid to State Government

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 27 July 2020

Fees for trade license under Shop and Establishment Act.??? or any other act ?

G SRINIVASAN (ASSISTANT MANAGER) (50 Points)
Replied 27 July 2020

Trade name licence fee paid to State Government act

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 27 July 2020

If It's compulsory registration under any act than ...or if fee amount is not more than 5000 than RCM is not applicable. You are not required to Pay RCM.

But if you already paid RCM , than you can take credit of RCM paid in GSTR 3B return.