REVERSE CHARGE MECHANISM GST EINVOICE ROYALTY PAID TO GOVERNMENT

365 views 2 replies

Dear Sir

 

We are mining company paying royalty to state government and on behalf of state government we are paying GST under RCM category.

 

Whether we have to prepare RCM E Invoice or government will pay.

Our turnover is more than 100 Crore.

Replies (2)
As is known by now, companies having turnover in any of the FY from 2017 above Rs. 500 CR will be required to register their invoices with Invoice Registration Portal (IRP) from 1st October 2020. They will receive Invoice Registration Number (IRN) and signed QR code details to authenticate the generated invoice. Now recently as notified Rs. 100 cr. above turnover companies also need to comply with E-invoice mandate from 1st Jan 2021. The documents covered under e-invoicing are -Invoice, Debit Note and Credit Note.

As of now, the scope is limited to transactions covering outward B2B supplies (i.e. supplies from the registered taxpayer to registered counter-party), Export, Deemed Export, Supplies to SEZ and transaction through E-commerce operator and B2B reverse charge transactions.

So, i think you have to register for e invoices for such rcm transactions

Ok thanks for information


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details