Reverse Charges

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629 Points Posted on 18 July 2020
Sir,

Can we need to deposit RCM on Chartered accountant bill. we received bill of Rs. 7600.
if Yes how much please guide
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On 18 July 2020 at 13:47 Report
Replies (6)
Quick Summary
This discussion clarifies whether the Reverse Charge Mechanism (RCM) applies to bills received from Chartered Accountants. The consensus is that RCM is not applicable to services provided by a CA, as these are not covered under the relevant GST notifications. Therefore, no RCM deposit is required for such invoices.

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"Do the Right Thing...!!!"
128157 Points Posted on 18 July 2020
Originally posted by : Naveen Kumar
Sir,Can we need to deposit RCM on Chartered accountant bill. we received bill of Rs. 7600.if Yes how much please guide

 

NO... RCM not applicable.

1 Reply
On 18 July 2020 at 13:57
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Tax and Business Consultant
11616 Points Posted on 18 July 2020
RCM is not applicable on chartered accountants bill. Not required to deposit RCM.
2 Reply
On 18 July 2020 at 14:01
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Working as Sr. Operation Executive
146 Points Posted on 18 July 2020
Not needed , as services provided by CA are not covered under RCM
1 Reply
On 18 July 2020 at 14:12
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1313 Points Posted on 18 July 2020
RCM is not applicable in this case.
1 Reply
On 18 July 2020 at 16:49
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Student
23693 Points Posted on 19 July 2020
RCM is not applicable on Bill received from an Unregistered CA. It is not a Notified Case under Section 9(3) of the CGST Act 2017. Principal Notification No. 13/2017 - Central Tax ( Rate ), dated 28th June 2017, does not covers this transaction @ Naveen Sir.

Hence RCM is not applicable....
1 Reply
On 19 July 2020 at 22:05
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629 Points Posted on 20 July 2020
Thanks you very much all of you
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On 20 July 2020 at 07:42

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