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RCM On Newspaper Publisher's

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yash Parikh

12 Points Posted on 21 February 2020

Purchase paper from Urd Personal whether liable to pay tax under RCM??& if liable then availment of ITC in Respect of paid tax under rcm. Plz Comment anyone 🙏🙏

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Quick Summary

This discussion explores whether newspaper publishers are liable to pay tax under the Reverse Charge Mechanism (RCM) when purchasing paper from Urd Personal. It also addresses the subsequent availment of Input Tax Credit (ITC) for taxes paid under RCM. Initial feedback suggests RCM may not be applicable in this scenario.