Clarification of mention the reverse charge in Invoice
Shashi Kant Singhal (Accounts & Finance Professional) (28 Points)
22 June 2017Shashi Kant Singhal (Accounts & Finance Professional) (28 Points)
22 June 2017
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 22 June 2017
If we mention yes in the column we are informing the buyer that tax is to be payable by you. Otherwide we charge the tax from the customer.Because there may be some notified goods or services on which RCM is applicable.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)