I have paid 40 lac payment to a person for labour charges in a financial year. person has not gst no we have payments towards to them.(according to gst rules above 20 lac buisness by a person mandatory Gst No ). but on date we have do not received any invoice and also we do not deposit RCM on that payment ( 40 lac).
Is we are responsible for this or not?
. if we responsible which section will be apply on us.
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Responsible for Gst invoice
Replies (4)
Apply for gst registration.
contactat @ icmai.easyaccountingaudittax.co.in
contactat @ icmai.easyaccountingaudittax.co.in
No, you are not liable for RCM payment against the labour charges.
Which section
There is no RCM on this transaction. Refer notification 13/2017. Also the liability to take registration and issue invoice is on the person providing/supplying services
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