What is the consequences if RCM bill received and not filed in GST on time
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RCM failed to file
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Consequences follows: 1. The recipient might be liable to pay interest on the tax amount due under RCM if not paid on time. There could be penalties for delayed payment or non-compliance with GST regulations regarding RCM.
If the recipient has not paid the tax under RCM on time, it might be affect their ability to claim input Tax Credit smoothly.
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