RCM
This query is : Resolved
CA Lakhbir Saini
(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..
15 July 2017
It is not inclusive of GST. You have to pay tax on value of supply.
CA Lakhbir Saini
(Querist)
15 July 2017
wt will be the amt of RCM??
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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