RCM payment in gst

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29 Points Posted on 19 January 2022
Registered transporter raise invoice RCM basis. I have paid 5% tax and take input 5% . It's right?
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On 19 January 2022 at 23:33 Report
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Quick Summary
This discussion clarifies the correct procedure for handling GST payments under the Reverse Charge Mechanism (RCM) for registered transporters. It confirms that after paying the 5% RCM tax, it is indeed correct to claim the equivalent 5% input tax credit (ITC) from the cash ledger, provided the supply is taxable.

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298 Points Posted on 20 January 2022
Ya right sir after paid rcm in cash ledger u can claim itc provided u engage taxable supply
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On 20 January 2022 at 00:32
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Practicing Chartered Accountant
959 Points Posted on 20 January 2022
Yes, you had correctly complied with.
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On 20 January 2022 at 09:44
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Chief Accountant
3150 Points Posted on 29 January 2022
Yes, it's correct
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On 29 January 2022 at 16:14

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