is rcm is applicable on transaction which is made between 2 registered persons
because as per sec 9(4)
is had mentioned that unregister supplier and registered recipient
between rcm will apply
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Rcm on in registered supplier
Replies (6)
Yes rcm will apply
Applicable on B2B also
Depends on Transaction as RCM covers many entries
In case of B2B transaction RCM applicable
I hv charged rcm 12% in place of 5% on gta bills to receipents, so and filed GSTR 1 on @ 12% on rcm mode basis but the mistake charged 12% in place of 5%, is there any tax liability to me
Ammend the invoice in next month GSTR 1
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