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Waste plastic RCM

29 June 2022

one company payment for shredded waste plastic directly To government departments. but against this payment not received purchase bill.
what is company liable pay rcm ?

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4 Replies

CA. ANKIT PANDYA (CA) (682 Points)
Replied 29 June 2022

In case you have GST Registration, then GST is required to be paid under RCM.

Incase of supply by Govt. department to unregistered person, then Govt will pay GST.

Refer Circular no Circular No. 76/50/2018-GST , in support of above.

kumar rajat (285 Points)
Replied 29 June 2022

RCM Rate

David (article Assistant) (1621 Points)
Replied 29 June 2022

Under reverse charge, the recipient is liable to raise payment voucher and pay RCM. if the service aggregate value is less than 5000 per day, then it is exempted from payment of RCM.