18 February 2020
Hello, if a company receive a invoice from an individual (service provider) who is registered under GST (Regular) with 18% (9%+9%) GST.
In this case any benefit to company receive an invoice without GST (as per notification 01.10.2019) and pay GST under RCM? Is there any law compliance in future if receive invoice with GST?
18 February 2020
An individual supplier has to charge 5% to the Company. The Company can not take benefit as Cab Hire is blocked credit under Sec 17(5)
18 February 2020
For RCM, a Registered person will issue the invoice without adding GST ( He will mention the RCM GST amount in the inner column of the invoice.
CAclubindia
