Dear Expert please help me to understand that should all kinds of dealers whether who comes in audit limit and those who does not comes in audit limit must charge RCM on expenses or only those dealers whose account is audited only need to maintain RCM?
Please kindly let me know.
Thanks in advance
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RCM..
Replies (1)
All registered dealer maintain RCM related tax payments and it's related records....
GST is Indirect Tax System.
IT is Direct Tax System...
RCM related activities in GST. In case a dealer can't reached the turn over as per income Tax rule then his books of accounts can't get audited...
But, The is registered under GST then his books of accounts is audited under GST turn over if any limit....
GST is Indirect Tax System.
IT is Direct Tax System...
RCM related activities in GST. In case a dealer can't reached the turn over as per income Tax rule then his books of accounts can't get audited...
But, The is registered under GST then his books of accounts is audited under GST turn over if any limit....
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