niloy sanyal (account manager) (777 Points)
22 July 2017We received a Consultency Fess (For ISO Purpose) Invoice Dated 10/07/2017 for Rs. 6500.00 from Mr. Satish Samanta (Who Is Unregieter In GST) ,
Now Our question is 1) Here we apply RCM . 2) If Yes then which is the process , Tax Rate for RCM Bill , Bill Format and How GST Calculation in RCM discuss with example.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177840 Points)
Replied 22 July 2017
1. Yes.
2. 18% GST
3. Self invoice.... bill raised on self with gst charged....
As per section 49(4) of CGST Act’2017, ITC can be used for payment of output tax only. Therefore tax under reverse charge can be paid through cash only. The supplier must mention in his tax invoice whether tax is payable on reverse charge.
The service recipient can avail Input Tax credit on the Tax amount that is paid under reverse charge on goods and services. The only condition is that the goods and services are used or will be used for business or furtherance of business.
For more details: gst-reverse-charge/
Anurag Agarwal
(CA Final, Advocate)
(292 Points)
Replied 22 July 2017
Dhirajlal sir,
Why reverse charge will apply.?? Because they have supplied the consulatncy to the unregistered person.
And reverse charge applies where there is a supply by unregistered to registered person.
Plz correct me if i m wrong..Thanks
Sandeep Upadhyay
(1518 Points)
Replied 22 July 2017
Sandeep Upadhyay
(1518 Points)
Replied 22 July 2017
CAclubindia
