plz tell me what is reverse charge mechanism in gst...?

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12 Points Joined July 2017
plz tell me what is reverse charge mechanism in gst...?
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On 28 July 2017 at 22:49 Report
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128116 Points Joined January 2015
Receive any goods or Services from Unregistered Dealer then register dealer ll be pay Tax on the purchased item to govt under RCM.....
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On 28 July 2017 at 22:55
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128116 Points Joined January 2015
1. If you purchase A Stationary from Registered Dealer :
Stationary - Rs. 10000
GST 18% - Rs. 1800 = 11800
Govt get Rs. 1800 for the purchase.
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On 28 July 2017 at 22:57
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128116 Points Joined January 2015
2. If purchase A stationary from Unregistered Dealer :
Stationary - Rs. 10,000
and no tax.
Govt can't get tax. Now the govt is loss their Income (Tax)...
This mistake did the Registered dealer. So, The registered dealer ll be pay the tax to Govt...

Are you understand...
If you have satisfied then give your like to meeeeeeeeee.......
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On 28 July 2017 at 23:01
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46 Points Joined July 2017
RCM means instead of supplier of goods/services, receiver of goods/ services has to pay the tax
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On 28 July 2017 at 23:10
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@ Harish,
Wrongly Understand.If buying from registered dealer then can't fall RCM....
So, Avoid Dealing Business to URD....
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On 28 July 2017 at 23:13
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46 Points Joined July 2017
@ raja
bro ur quoting the eg for RCM....Im explaining RCM in simple manner
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On 28 July 2017 at 23:22
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3 Points Joined May 2017
After paid tax thru rcm, dealer can take itc on that paid tax ??
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On 28 July 2017 at 23:23
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128116 Points Joined January 2015
Yes.... He can.....
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On 28 July 2017 at 23:24
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128116 Points Joined January 2015
But, You can't mentioned URD.... Commonly said Supplier.... Then how to mean...??
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On 28 July 2017 at 23:26
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128116 Points Joined January 2015
@ Kumar.,
Take ITC for RCM vide Tax paid.
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On 28 July 2017 at 23:27
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student
202 Points Joined December 2013
RMC entries to be made in which GSTR form?
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On 08 August 2017 at 00:48
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student
202 Points Joined December 2013
we have to pay it through some form? or directly at time of final gst payment?
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On 08 August 2017 at 00:49
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128116 Points Joined January 2015
Originally posted by : Sandesh Shet
RMC entries to be made in which GSTR form?

GSTR 2

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On 08 August 2017 at 14:52
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128116 Points Joined January 2015
Originally posted by : Sandesh Shet
we have to pay it through some form? or directly at time of final gst payment?

what is this...?

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On 08 August 2017 at 15:11


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