RCM
This query is : Resolved
CMA Abhay Kumar Yadav
(Querist)
19 January 2017
Reverse Charge Concept ,Time of supply of goods under GSt.
CA R SEETHARAMAN
(Expert)
19 January 2017
Time of customs clearance is the time of supply.
CMA Abhay Kumar Yadav
(Querist)
19 January 2017
plz explain with a example.As I know RCM in ST.
CA R SEETHARAMAN
(Expert)
22 January 2017
For imports besides customs duty GST(in view of CVD) is payable by the importer at the time of customs clearance. Here under RCM the buyer is paying the GST instead of seller in the normal course as the seller is out side India.
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