we are private limited company, we had taken a rent a cab service from a individual with tax charged @ 5% cgst-2.5%, Sgst-2.5%, but the service provider has charged tax in the invoice and not mentioned that " tax is payable under reverse charge mechanism, my doubt is whether we have to pay the TAX as RCM or we shall pay the entire bill amount including the tax to the service provider since service provider has not mentioned as rcm payable and charged the tax in the invoice, please clarify me.
16 July 2020
Thank you so much seetharaman sir, another doubt is if the bill is relating to March 20 month and we had not paid in March 20 GSTR3B and we are paying with June 20 month GSTR3B, then we have to pay interest on this RCM also or not.
CAclubindia
