RCM Under VAT
MIDHUN VM (Student CA IPC / IPCC) (13 Points)
30 March 2022
Dear experts kindly advise me the booking and claiming entries of the import purchase under RCM
6 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14811 Points)
Replied 30 March 2022
Reverse Charge Machanism dose exists in VAT regime .
prasad Nilugal
(3914 Points)
Replied 30 March 2022
Please correct my above reply , RCM dose not exist in VAT regime .
MIDHUN VM
(Student CA IPC / IPCC)
(13 Points)
Replied 30 March 2022
Under Oman VAT article 151 deals with the RCM
prasad Nilugal
( GST Practitioner & Accounts )
(14811 Points)
Replied 30 March 2022
Sir , Two different countries have , different taxation policy .
MIDHUN VM
(Student CA IPC / IPCC)
(13 Points)
Replied 30 March 2022
Sorry I forgot to mention the country. please advise
prasad Nilugal
( GST Practitioner & Accounts )
(14811 Points)
Replied 30 March 2022
Sir , I have to study your VAT law of Oman , as same has been new and introduced last year .
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