Tax Implication model on forward and Rcm of gst

A pvt Ltd company has installed one printing machine received from foreign company.

Foreign company prepared rental agreement for this machine.

Foreign company has issued tax invoice for every month.

So indian company liable for paid service tax under RCM?

When indian company take itc in gstr 3 b in which column shown?
Replies (4)
Quick Summary
This discussion explores the GST implications when an Indian private limited company imports a printing machine from a foreign company under a rental agreement. It clarifies whether the Indian company is liable to pay GST under the Reverse Charge Mechanism (RCM) and how to claim Input Tax Credit (ITC) on the tax invoice issued by the foreign supplier. The consensus is that if GST is not charged on the invoice and the machinery doesn't fall under specific RCM categories, the Indian company might not be liable for RCM, and ITC claims depend on specific conditions.

Pls explain explicitly
Is Indian Company Liable to pay Gst under Rcm Or can take itc in this above case of purchase of machinery from overseas foreign co
Purchasing Machinery from overseas gst is not applicable.
Now let's explain the concept of rcm in detail.
1. itc cannot be availed in the following cases:
a)composition dealer

b)not a valid gst tax invoice.
c) certain category of goods are applicable for reverse charge
d)here the machinery mentioned does not qualify for rcm.
e) gst is not charged.
Ok Thank you so much

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