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RCM purpose can anyone?

zanis 0071 (68 Points)

11 September 2021

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

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2 Replies

kumar rajat (285 Points)
Replied 11 September 2021

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

Krishna Gupta (6 Points)
Replied 12 September 2021

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.