WebJul 28, 2024 · HOW TO DO RCM PAYMENT IN GST PORTAL AND ANY OTHER PAYMENT IN GST PORTAL A TO Z KNOWLEDGE 33 subscribers Subscribe 58 Share 9.6K views 1 year … WebNov 1, 2024 · Payment of RCM Liability Reverse Charge Mechanism (RCM) Commonly, the supplier of goods or services is liable to pay the GST on the supplies. However, in case of …
Understanding Reverse Charge Mechanism (RCM) in India GST
WebThere seems to be an inadvertent problem while communicating with GST System. This may be on account of one of the following: Server is unable to fetch data from backend application. The data from your internet browser (may be Internet Explorer, Chrome, Firefox, Safari etc.) is corrupted during transmission to GST System. WebAlternatively, press Alt+G (Go To) > Create Voucher > press F5 (Payment). Press Ctrl+F (Autofill) > select Stat Payment > select Payment Type as Recipient Liability. Select the bank from which the payment will be made. Select the central and state tax ledgers. Enable the option Provide GST details to enter the bank details. how to use handheld sewing device
What is RCM in GST, Who is covered & penalty
WebTherefore, we agree with the applicant that in case of purchase of tobacco leaves/bhukko from the agriculturist, the applicant is liable to pay GST on RCM basis at 5% [2.5% CGST and 2.5% SGST] in terms of notification No. 1/2024-Central Tax (Rate), Sr. No. 109 of Schedule 1. As a corollary, the applicant is liable to pay GST on forward charge ... WebNov 7, 2024 · Rcm not related to above said sales and purchase. Rcm applicable based on GTA or other than GTA. You will check out the bilty by the transporter and consider he is GTA or Not... If GTA then pay GST Tax under rcm basis... If not GTA then no need to pay GST Tax under rcm basis... Leave a reply Your are not logged in . Please login to post replies WebMay 21, 2024 · In GST the recipient importing services will be liable to pay GST on it in Reverse charge. Entry No. 1 of notification no. 10/2024 of IGST covers the entry for reverse charge on import of services. Although import of goods is also taxable in RCM. In case of goods the movement is made via port and necessary requirements of tax payment are … how to use hand held refractometer