RCM Supply only

RCM 143 views 1 replies

Saurabh Jajodia

Student

23 Points Joined December 2016

I am a Recovery Agent, and as per law all the liability falls on Bank and NBFC. Few Banks like ICICI and Kotak Pay GST on Reverse Charge. However Other bank like HDFC, do not pay GST on Reverse Charge. Kindly let me know whether, I have to pay GST, if HDFC is not paying in Reverse Charge.

Also guide me how to show my turnover in 3B and GSTR 1, as all my Supply is under RCM

Replies (1)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

197739 Points Joined July 2016

Write to Bank (with acknowledgement) about the RCM applicability of the services provided by you being under RCM as per sec. 9(3) CGST act. Take call only after their response.