Rcm Tax Rate


ARVIND KUMAR
watch_later 1 year, 7 months ago

Sir,

What is rate of gst under RCM? and which head of account (SGCT and CGST or IGST) pay RCM ?

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1 Answer

GST Payer watch_later 1 year, 7 months ago
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Rate of tax under RCM depends on item you are purchasing. For example, if you paid rent then RCM will be at 18%, for GTA services it will be 5%.

You need to pay GST under CGST and SGST, like a regular payment. At the time of payment it is not required to disclose whether payment is under RCM or a normal payment.

RCM details are required to be furnished at the time of filing returns.

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