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reverse charge

RCM 258 views 2 replies
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103 Points Posted on 26 January 2019
if a regd person is paying tax under rcm ,, then can he take itc ..?



plzz elaborate with example

and plz dont copy paste from net onlyy
i had seen on net but not understood

plzz rlyy
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On 26 January 2019 at 08:05 Report
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CA
3430 Points Posted on 26 January 2019
yes he can take ITc.


ex.. if we take service from outside india then registered company in india liable to pay tax under RCm

first show inGstr3b in inward supply liable to reverse charge and pay tax accordingly and claim ITc
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On 26 January 2019 at 08:38
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GST Practitioner
55067 Points Posted on 26 January 2019
Generally the Tax is paid by supplier but in Reverse charge the Recepient is liable to pay tax under Reverse charge .

Hence the credit of tax payable & paid under RCM can be claimed by the recipient

(Refer section 2(98) CGST Act)
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On 26 January 2019 at 22:48


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