plz tell me what is reverse charge mechanism in gst...?
chintan pansuriya (12 Points)
28 July 2017
plz tell me what is reverse charge mechanism in gst...?
14 Replies
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 28 July 2017
Receive any goods or Services from Unregistered Dealer then register dealer ll be pay Tax on the purchased item to govt under RCM.....
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 28 July 2017
1. If you purchase A Stationary from Registered Dealer :
Stationary - Rs. 10000
GST 18% - Rs. 1800 = 11800
Govt get Rs. 1800 for the purchase.
Stationary - Rs. 10000
GST 18% - Rs. 1800 = 11800
Govt get Rs. 1800 for the purchase.
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 28 July 2017
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.......
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.......
Harish G.S
(46 Points)
Replied 28 July 2017
RCM means instead of supplier of goods/services, receiver of goods/ services has to pay the tax
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 28 July 2017
@ Harish,
Wrongly Understand.If buying from registered dealer then can't fall RCM....
So, Avoid Dealing Business to URD....
Wrongly Understand.If buying from registered dealer then can't fall RCM....
So, Avoid Dealing Business to URD....
Harish G.S
(46 Points)
Replied 28 July 2017
@ raja
bro ur quoting the eg for RCM....Im explaining RCM in simple manner
bro ur quoting the eg for RCM....Im explaining RCM in simple manner
Kumar Ranjeet
(3 Points)
Replied 28 July 2017
After paid tax thru rcm, dealer can take itc on that paid tax ??
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 28 July 2017
But, You can't mentioned URD.... Commonly said Supplier.... Then how to mean...??
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 28 July 2017
@ Kumar.,
Take ITC for RCM vide Tax paid.
Take ITC for RCM vide Tax paid.
Sandesh Shet
(student)
(202 Points)
Replied 08 August 2017
RMC entries to be made in which GSTR form?
Sandesh Shet
(student)
(202 Points)
Replied 08 August 2017
we have to pay it through some form? or directly at time of final gst payment?
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 08 August 2017
| Originally posted by : Sandesh Shet | ||
 |
RMC entries to be made in which GSTR form? |  |
GSTR 2
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 08 August 2017
| 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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