RCM purpose can anyone?

140 views 2 replies

zanis 0071

68 Points Joined August 2021

what is the purpose of me paying RCM and again claiming in next month?

Replies (2)

kumar rajat

285 Points Joined July 2017

RCM pay only cash payment because RCM not adjusted electronic credits ledger. but you can claim itc next month this itc can be added electronic credit ledger.

Thanks & Regards
Rajat Kumar

In RCM list, almost all services are provided by small businessmen those who are not crossed threshold limit for gst registration.
Thats why rcm concept was introduced that such services also get taxed.