Bought note purchase of Gold RCM

Summary of Important Considerations

• Documentation: If you are liable to pay tax under RCM, you must issue a self-invoice for the supply received.

• Registration: If you are required to pay GST under RCM, you must be registered under GST, regardless of your turnover threshold.

• Reporting: Transactions under RCM must be reported in your GSTR-3B filing.