What is RCM in GST?
RCM ka pura nam Reverse Charge Machnism hota H.
Goods & Service par RCM applicable Hota h Niymanusar.
- Ydi Registered Dealer Unregistered Dealer se Goods/Service
leta h to Registered Dealer ko us Goods/Service ka Tax Government ko jama karana hota Hai to use Reverse Charge Machanism Of Gst Kaha jata Hai.
- RCM Deposite karane ki jimedari Registered Dealer ki hoti Hai.
- Farmer se Goods purchase karane par Registered Dealer ko Bill bi banana hoga.
-Example
Purcahse 10000 dr
Unregistered person 10000 cr
yadi goods ka tax rate 5 % h to
Tansaction in Journal.
Input CGST =250 dr
Input SGST = 250 dr
To Sgst RCM =250 CR
To CGST RC =250 CR
Payment karane par
CGST RCM =250 DR
SGST RCM= 250 DR
To Bank A/c = 500 CR
-Unregistered Dealer or any person ko Rcm tax diposite nahi karana hota h
- Time To Time RCM Deposite Nahi Karane Par Late fees or Interest bhi Pay Karana Hota Hai.
- Services
Example-
GTA (Transporter) se 10000 Rs ki Service kisi Registered Dealer ne li Ha to
Registered Dealer ko 10000 Rs ka 5 % Gst Pay Karana hota . Ye h RCM.
-Rcm Goods/Service dene wale ko nahi Receive karane wale ko Pay karana hota.*
jo alag-alag service par niyamanusar pay karana hota h.
GTA (Goods Transport Agency)
- Jo 6% CGST Pay Na karata Ho
- Freight 750 Rs Kam H to RCM Nahi hoga.
RCM kon Pay karega?
- Factory, Society, Co-oprative Society , GST Registered Dealer, Partnership Firm, Casual Tax Person.
Goods and Services RCM applicable h-
-kaju, Bidi, Tambaku, Lotory, Use vichle, Raw Cotton,
Any Person, Farmer
- Legal Service
An individual Advocate, Firm of Advocate
Senior Advocate.
-Arbitrate Services
-Sponsorship Services
Any Person.
-Govt. Services
Central Govt. State Govt Sevices
-Services By Directors
Director of company or Body corporate
-Insurance Agent Services
Insurance Agents
-Recovering Agent Services
Recovery Agent
-Copyright Services
Music Composer, Photographer, Artist
-Services by Member
- and others
Note-*for educational purpose see rule or regulation for more details.
