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

RCM 249 views 14 replies
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12 Points Posted on 28 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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128152 Points Posted on 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.....
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On 28 July 2017 at 22:55
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128152 Points Posted on 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.
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On 28 July 2017 at 22:57
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128152 Points Posted on 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.......
1 Reply
On 28 July 2017 at 23:01
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46 Points Posted on 28 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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128152 Points Posted on 28 July 2017
@ 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 Posted on 28 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 Posted on 28 July 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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128152 Points Posted on 28 July 2017
Yes.... He can.....
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On 28 July 2017 at 23:24
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128152 Points Posted on 28 July 2017
But, You can't mentioned URD.... Commonly said Supplier.... Then how to mean...??
1 Reply
On 28 July 2017 at 23:26
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128152 Points Posted on 28 July 2017
@ 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 Posted on 08 August 2017
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 Posted on 08 August 2017
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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128152 Points Posted on 08 August 2017
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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128152 Points Posted on 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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On 08 August 2017 at 15:11


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