Shall we pay gst under RCM immediately after raising self invoice bill to claim ITC
1 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(6530 Points)
Replied 24 February 2025
Under the Reverse Charge Mechanism (RCM), the recipient of goods or services is liable to pay GST.
When you raise a self-invoice bill, you're acknowledging your liability to pay GST under RCM.
1. *Raise self-invoice bill*: Raise a self-invoice bill, declaring the GST liability under RCM.
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