RCM applicable or not

262 views
User Avatar

281 Points Posted on 04 July 2020
If goods purchase from out of India does RCM applicable
0 Reply Share Follow
On 04 July 2020 at 15:23 Report
Replies (4)
Quick Summary
This discussion clarifies whether the Reverse Charge Mechanism (RCM) applies to imported goods in India. While the GST Act is silent on this specific point, the consensus is that RCM is indeed applicable to imported goods. Importers are liable to pay IGST, which will be detailed on the bill of entry.

User Avatar

1313 Points Posted on 04 July 2020
GST Act is silent on RCM is applicable in import "Goods"
Reply
On 04 July 2020 at 17:56
User Avatar

4215 Points Posted on 05 July 2020
Yes no doubt
Reply
On 05 July 2020 at 08:43
User Avatar

Designation
771 Points Posted on 05 July 2020
You are liable to pay IGST which will be specified on bill of entry
Reply
On 05 July 2020 at 09:22
User Avatar

4215 Points Posted on 05 July 2020
If you need anything further please contact me
Reply
On 05 July 2020 at 12:36

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Belated Return where Form 10IEA filed this year to
  2. GST Reconciliation Tool (2A vs Books) - looking fo
  3. TDS ON PF FORM 19 WITHDRAWAL
  4. Can a virtual office in Mumbai be used for company
  5. Eway and e invoicing in condition where 4 party ar
  6. Bank balance in ITR-3
  7. INCLUDING PROFITS FROM REIT / INVIT IN SHARE TRADI
  8. Tempsens Instruments IPO GMP Allotment Listing dat
  9. Upload Type - Correction. Not showing in TDS filli
  10. Partnership tax audit query

More recent discussions | Post

Related Topics :

Loading