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   What is RCM in GST?

   • What is RCM? RCM stands for Reverse Charge Mechanism, which is a system under GST where the recipient of goods or services is liable to pay the tax instead of the supplier. This is applicable in certain cases, such as: Supply from an unregistered dealer to a registered dealer, subject to certain conditions and exemptions.

   RCM under GST: List of Services and Implications for Taxpayers - Suvit

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   What is RCM & how does it work?

   • Import of services from outside India, regardless of whether the supplier and recipient are registered or not. The main objective of RCM is to prevent tax evasion and ensure compliance by suppliers who are not registered under GST or are outside the tax net.

   RCM under GST: List of Services and Implications for Taxpayers - Suvit

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   Who should pay GST under RCM?

   • The recipient of goods/services should pay GST under RCM. However, as per the provisions of GST law, the person supplying the goods must mention in the tax invoice whether tax is payable under RCM. The following points should be kept in mind while making GST payments under RCM:

   All about Reverse Charge Mechanism (RCM) under GST - ClearTax

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   Which rate of tax is payable under RCM?

   • The rate of tax to be used is the rate which is applicable on such goods/service. GST Compensation Cess is also applicable on reverse charge. If the goods/services purchased in exempted or nil rated then no tax is payable under RCM.

   Reverse Charge under GST – Explained with Examples - TaxAdda

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2. cleartax.in › s › reverse-charge-gstAll about Reverse Charge Mechanism (RCM) under GST - ClearTax

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   Jul 31, 2024 · Who Should Pay GST Under RCM? The recipient of goods/services should pay GST under RCM. However, as per the provisions of GST law, the person supplying the goods must mention in the tax invoice whether tax is payable under RCM. The following points should be kept in mind while making GST payments under RCM:

3. taxguru.in › goods-and-service-tax › gst-listGST: List of Reverse Charge Mechanism (RCM) - Tax Guru

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   Apr 13, 2018 · As you all aware that the Reverse Charge Mechanism (RCM) under Section 9 (4) is postpone till 30.06.2018. However RCM under section 9 (3) is in existence. I have provided below the List of expenses on which RCM is applicable and ITC available, except some of the Expenses.

   Sr No	Particulars Of Expenses	Applicablity Of Gst	Rate Of Gst
   14	Food to Staff Entertainment Expenses	Applicable	Various
   15	Conference and Seminar Expenses	Applicable	18%
   16	Printing and Stationery	Applicable	12% and 18%
   17a	Train Tickets	Applicable	5% for First Class/III Tier Ac

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4. taxadda.com › gst-reverse-charge-mechanismReverse Charge under GST – Explained with Examples - TaxAdda

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   Oct 7, 2020 · Table of Contents. What is Reverse Charge? Normally, GST is to be collected by the person who is selling good and services. But in some cases GST is to be collected by the purchaser of goods/service and not by seller. This is called Reverse Charge Mechanism, RCM in short.

   Sl. No.	Service	Provider Of Service	Recipient Of Service
   1	Taxable services provided or agreed to be ...	Any person who is located in a nontaxable ...	Any person located in the taxable ...
   2	Services provided or agreed to be ...	Goods Transport Agency (GTA)	(a) any factory registered under or ...
   3	Services provided or agreed to be ...	An individual advocate or firm of ...	Any business entity.
   4	Services provided or agreed to be ...	An arbitral tribunal	Any business entity.

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5. taxguru.in › goods-and-service-tax › reverse-chargeReverse Charge Mechanism in GST Regime with Chart - Tax Guru

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   • Introduction to Reverse Charge Mechanism in GST Regime with Chart. The concept of Reverse Charge Mechanism was introduced in erstwhile Service Tax laws.
   • Statutory provision of reverse mechanism. Section 2(98) of the CGST Act, 2017 has defined the term “Reverse Charge” and the same is reproduced as follows
   • Reverse Charge Mechanism in respect of Un-Registered Person: Section 9(4) of the CGST Act, 2017 provides the provisions of reverse charge and the same is reproduced as follows
   • GST registration under RCM. As per Section 24 of the CGST Act, 2017, a person who is required to pay tax under reverse charge has to compulsorily register under GST irrespective of the threshold limit of registration and threshold limit of ` 20 lakhs/` 40 lakhs (` 10 lakhs for special category States ) but special category States threshold exemption is increased to ` 20 lakhs,as per CGST (Amendment) Act, 2018 is not applicable to the Reverse Charge Mechanism.

6. taxguru.in › goods-and-service-tax › comprehensiveComprehensive Guide to Reverse Charge Mechanism (RCM) under GST

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   Jul 27, 2023 · Page Contents. ♦ Understanding the Concept of Reverse Charge Mechanism: ♦ Applicability and Scope of RCM: ♦ Mechanism of RCM payment and credit availability under GST: ♦ Various other RCM related aspects to be kept in mind. ♦ No RCM Liability if the following services received from Body Corporates:

7. cleartax.in › s › rcm-renting-vehicles-gstRCM on Renting of Vehicles Under GST - ClearTax

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   RCM on renting motor vehicles helps small service providers by improving liquidity and reducing GST compliance. RCM was applied at 5% to corporate bodies but not at 12% with full ITC. Applicability, rates, and conditions of RCM are discussed under the recent GST Council Meeting.

8. www.suvit.io › post › rcm-under-gst-on-goods-servicesWhat is RCM and How Does It Affect You? - Suvit

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   Feb 7, 2024 · RCM is a special provision under GST that affects both the suppliers and the recipients of goods or services in certain cases. It is important to understand the concept and scope of RCM, the list of services under RCM in GST 2022, and the implications for the taxpayers.