Tax under RCM

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member
185 Points Posted on 11 January 2021

GTA uploaded 20 invoices tax payable under reverse charge basis. But non of the bill

above Rs 750 so on such bill shall we have to pay tax ?

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On 11 January 2021 at 22:13 Report
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Quick Summary
This discussion clarifies when GST is payable under the Reverse Charge Mechanism (RCM) for GTA services. It addresses whether tax is due on individual invoices below £750, or if the total value of services from a GTA needs to be considered. The query also touches upon the applicable RCM rate if the standard 12% GST isn't paid.

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Tax consultant
5895 Points Posted on 12 January 2021
If sum of the whole bill is what ?
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On 12 January 2021 at 08:03
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student
59 Points Posted on 12 January 2021
Rcm basis if GTA not paying @ 12%
in that case 5% on RCM
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On 12 January 2021 at 21:46

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