Availment of credit paid under RCM and FCM

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..... Availment of credit paid under RCM and FCM
Query (Issue) Started By: - SKP IDT Dated:- 17-1-2020 Last Reply Date:- 17-1-2020 Goods and Services Tax - GST
Got 4 Replies
GST
I paid sponersh .....

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..... ip fee to Governement organisation. They have charged GST on the invoice and I paid the same. Following are my queries: 1. Will I have to pay GST under RCM and avail credit of the same 2. Would I ge .....

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..... t credit of taxes paid to organistation Reply By KASTURI SETHI: The Reply: You can take ITC. You are not required to pay twice. Reply By KASTURI SETHI: The Reply: Sponsorship services are covered .....

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..... under RCM if provided to body corporate or partnership firm by any person. Reply By Ganeshan Kalyani: The Reply: Yes, sponsorship is covered under reverse charge mechanism. However , since the servi .....

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..... ce provider has charged GST on the invoice you are required to pay GST again. One transaction is not subject to tax twice. Reply By Ganeshan Kalyani: The Reply: Sorry , typo error. Please read as & .....

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..... quot;you are not required to pay tax again".
Discussion Forum - Knowledge Sharing .....

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