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RCM tax payable

SDR ASSOCIATES (375 Points)

23 July 2019

all the gst registered person should pay rcm or any turnover limit for rcm payable?

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4 Replies

Kunal Mittal (FINANCE OFFICER) (580 Points)
Replied 23 July 2019

No there is no limit of turnover for rcm payment. If something is due according to law then it is payable.

Pankaj Rawat (GST Practitioner) (55037 Points)
Replied 23 July 2019

all registered person availing Services u/s 9(3) are liable to pay RCM , there is no limit prescribed. (Except in case of GTA , limit is upto 750/- & 1500/- is Exempted)

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Sanjiv Rajpoot (3430 Points)
Replied 23 July 2019

no limit for rcm payment

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Shivam RC (Student) (23683 Points)
Replied 24 July 2019

Under GST, no turnover limit has been proscribed in the Law regarding payment of GST in RCM basis.

Refer Section 9(3) and 9(4) of the CGST Act 2017 related to REVERSE CHARGE MECHANISM ( RCM ).

Warm Regards.

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