banner_ad

RCM RCM

RCM 809 views 5 replies
if we purchased stationary rs 3000, electrical item rs 2000, consumable rs 2000 from unregistered in cash in a day now on which amount we calculate tax rs 7000 or calculate​
on more than 5000 and can we issue one invoice in a
month will we have to charge tax on RCM on every exp. will we have to raise invoice RCM on services also.
Replies (5)

You can consider first 2 invoices under 5000 exemption and invoice under RCM can be prepared for Rs.2000.

Also note that you can issue one invoice in a month for all such purchases rate wise.

Make a note of all such purchases, prepare a consildated invoice at the month end for each tax rate.

On the Internet, rcm is different think, that mean you have to pay GST on advance recepts,,,, what is meaning of rcm full meaning please suggest sir....

In case of GST, the levy of GST depends on the time of supply. If the receipt of payment is earlier, the supply is deemed to have been made. Thus GST is chargeable on advance. Full form of RCM is Reverse Charge Mechanism

and now, what is matter of purchasing from unregistered dealer......kind of rcm

In case of procurement from unregistered dealer, you need to generate self invoice and pay GST accordingly.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details