Is RCM EXEMPTED FOR FY20-21??
3 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14887 Points)
Replied 27 December 2021
No , applicable on all Goods and services notified by the GOVT .
Varun jain
(9 Points)
Replied 27 December 2021
Is RCM on p&l expenses applicable ??
n if yes then which are those?
prasad Nilugal
( GST Practitioner & Accounts )
(14887 Points)
Replied 27 December 2021
Regarding RCM GOVT has issued some notifications , that you have check on CBIC web site / GST / Notification section .
For example notification 4/2017 C.T (rate) dt 28/6/2017 for goods ,notification 13/2017 CT (rate) dt 28/6/2017 is for services . like wise just check other notification also till date.
All expenses mentioned in the notification where you have to pay GST under RCM.
For example notification 4/2017 C.T (rate) dt 28/6/2017 for goods ,notification 13/2017 CT (rate) dt 28/6/2017 is for services . like wise just check other notification also till date.
All expenses mentioned in the notification where you have to pay GST under RCM.
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