Is an ISD liable to pay tax under RCM?
If yes, then how and where to show it in the GSTR-6?
Menu
GSTR-6
Replies (2)
Distribution of Input Tax credit: The credit of tax paid under reverse charge mechanism is not available for distribution to the recipients. So, the ISD has to utilize such credit only as a normal taxpayer.
Hence not shown in gstr 6
Hence not shown in gstr 6
ThanQ so much Heena for your help, but please let me know that if we can't utilize such credit then is it necessary for a person registered as an ISD to pay tax under RCM?
Recent Topic
- Section 192 2(b) entry in IT return ITR 1
- Rent from redevelopment property
- How to find FMV of inherited gold after selling it
- Happy CA Day!!
- Share your proudest CA moment 🏆
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
Related Topics
CAclubindia
