I understand that on Importing of Goods/services for which GST is not charged, we will need to reverse charge mechanism. As currently the RCM is delayed till March, are imports essentially not taxed?
M Agarwal (Consultant) (228 Points)
30 October 2017I understand that on Importing of Goods/services for which GST is not charged, we will need to reverse charge mechanism. As currently the RCM is delayed till March, are imports essentially not taxed?
CA Rashmi Gandhi
(Chartered Accountant)
(86308 Points)
Replied 30 October 2017
M Agarwal
(Consultant)
(228 Points)
Replied 30 October 2017
Okay, thanks. Is there any exemption limit? Like if purchase is less than 4000 then no need to do RCM?
CA Rashmi Gandhi
(Chartered Accountant)
(86308 Points)
Replied 30 October 2017
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
