Bought note purchase of Gold RCM

Dear sir give the solution for Bought note Purchase of Gold, Pay the RCM or Not.
Replies (1)

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.

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