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RCM

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(Querist)
15 July 2017 suppose i purchase sm goods worth Rs 1000 frm unregistered dealer n applicable rate on goods is 18%. nw wt amt is RCM. smbody told me that amt of rcm will nt be 180 bt rs 153 calcultd on d assumption that 1000 was including tax amt.. howevr exp will be rs 1000 bt only rcm amt will be calculated assuming that 1000 is already including tax. please clarify..
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CA ANILKUMAR B.COM FCA DISA

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CA ANILKUMAR B.COM FCA DISA (Expert)
15 July 2017 It is not inclusive of GST. You have to pay tax on value of supply.
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CA Lakhbir Saini

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CA Lakhbir Saini (Querist)
15 July 2017 wt will be the amt of RCM??
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
30 October 2021 It will be 180, as the same is required to be paid by you, as extra, over and above 1000/-.
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