GST RCM Applicability GTA Service

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42 Points Joined October 2024

Hi Sir/Madam

A Company dont have GST Registration. If this company takes any Services which comes under RCM Scope

Will it require to pay GST as a receipient under RCM

Please advise

Thanks

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On 13 December 2024 at 14:58 Report
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Master in Accounts & high court Advocate
9434 Points Joined December 2011

GST Registration and RCM If a company doesn't have a GST registration, it's still required to pay GST as a recipient under RCM for services that fall under the RCM scope.

RCM Scope RCM applies to specific services, including: 

1. _Supply of services by an unregistered person_: If the supplier is not registered under GST, the recipient is liable to pay GST under RCM. 

2. _Import of services_: RCM applies to the import of services, where the supplier is located outside India. GST Payment under RCM As a recipient, the company is required to:

 1. _Pay GST on the value of services received_: The company must pay GST on the value of services received from the unregistered supplier.

 2. _File GSTR-3B and GSTR-1_: The company must file GSTR-3B and GSTR-1 returns, reporting the GST paid under RCM.

Compliance Requirements To comply with GST regulations, the company should: 

1. _Obtain a GST registration_: Although not mandatory, obtaining a GST registration can help the company comply with GST regulations and avoid potential penalties.

 2. _Maintain records_: Keep accurate records of services received, GST paid under RCM, and returns filed. Please consult a tax professional or GST expert to ensure compliance with GST regulations and RCM requirements.

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On 13 December 2024 at 17:03


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