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?
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Tax Implication model on forward and Rcm of gst
Replies (4)
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.
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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