Service under reverse charge
This query is : Resolved
DEEPTI JHA
(Querist)
19 August 2017
We run a Recovery Agency and provide services to banks. Recovery service comes under reverse charge mechanism and service receiver have to pay tax. In our case service receiver is bank. Some bank pays the tax and take invoices from us without charging tax in it. While some bank don't pay it and they takes invoices from us with tax . In such case do we have to pay tax on them. How to file GST return in those case?
CA R SEETHARAMAN
(Expert)
19 August 2017
You can't issue tax invoice and pay GST as RCM. Applicable on your service.
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DEEPTI JHA
(Querist)
24 August 2017
Thank you for your answer Sir. But some banks don't pay tax on our invocies. They deduct tds on basic amount and pay balance to us including amount of tax charged in invoice. What to do in such case?
CA R SEETHARAMAN
(Expert)
24 August 2017
Take up the issue with your banker.
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