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RCM mechanisum
where RCM to show in gst return. and I am giving job work should it is necessary to create RCM invoice. what is it's procedure
Replies (13)
there is a separate field in the return for inward supply under rcm
It will be available in GSTR-2
Registered dealer purchase from unregistered dealer then RCM is applicable and register dealer is liable to issue invoice and pay tax under RCM
RCM purchase is shown in GSTR 2
payment under RCM need to show in gstr-1 and to claim ITC need to show in gstr-2 .
RCM ITC will be shown in GSTR 2 and to pay RCM amount one should raise invoice on self.
what about RCM on job work
RCM amount need to pay are not required to show in GSTR1
| Originally posted by : mehul patel | ||
 |
RCM amount need to pay are not required to show in GSTR1 |  |
Please elaborate, how to pay then?
Thanks for valuable information
IN CASE OF RCM THERE IS NO INPUT TAX CREDIT
Please confirm no RCM will be applicable upto Rs.5000/-(cash payment) on purchase/ job work if service provider/seller not registered.
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