Regarding Rcm

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accountant
564 Points Posted on 22 September 2020
Respected members
One purchaser party I paid transport 105000 so my question is bill amount is 105000 rcm paid on which amount.
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On 22 September 2020 at 13:50 Report
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Quick Summary
This discussion clarifies the application of the Reverse Charge Mechanism (RCM) for transportation services. Specifically, it addresses whether RCM is payable on the entire amount billed by the transporter. The consensus is that RCM is indeed applicable to the whole transportation cost.

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Assistant Manager
224 Points Posted on 22 September 2020
RCM will be payable on amount paid to transportor for transportation of goods.
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On 22 September 2020 at 19:58
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Practice
4510 Points Posted on 22 September 2020

RCM Paid on whole amount of Transportation

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On 22 September 2020 at 20:05

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