Sir
what r the items under RCM and rate of tax and are they in force
Thanks
The liability under RCM is as follows:
1. Specified services - GST needs to be paid under RCM irrespective of registration status of supplier - refer notification 13/2017-CGST (R) -
2. On procurements from unregistered supplier - Is not in effect at present except of few supplies like cashew nut,tobacco purchase from agriculturists etc.
CAclubindia
