Refund on RCM paid on Jobwork services

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..... Refund on RCM paid on Jobwork services
Query (Issue) Started By: - RAVIKUMAR SATHYAPRIYA Dated:- 10-2-2024 Last Reply Date:- 13-2-2024 Goods and Services Tax - GST
Got 6 Replies
GST
Hi Professionals, my client had paid RCM for jobwork services and ITC has been availed. can we claim refund on such RCM paid? Reply By KASTURI SETHI: The Reply: Pl. elaborate your query. Full facts are r .....

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..... equired. Period ? Nature of service ? Constitution of the firm ? Reply By KASTURI SETHI: The Reply: If any tax has been paid wrongly, refund of that amount of tax can be claimed under the category of 'excess payment of tax' under Section 54 (8)(e) of CGST Act but ITC availed has to be reversed first. Reply By Shilpi Jain: The Reply: You may have to reverse ITC and apply for refund. If .....

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..... its a tax not liable refund should be eligible. Show the tax paid wrongly as a receivable in your books and balance sheet. Reply By RAVIKUMAR SATHYAPRIYA: The Reply: Thanks for Your Reply Sir. Is Jobwork service received by the Registered person from the Unregistered person covered under RCM. Will you please explain this with relevant section or Notification or Circular. Reply By KASTURI SETHI .....

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..... : The Reply: As per Section 143(2) of CGST Act, 'Principal' is responsible for the goods/inputs/semi-finished sent for job work. Principal (owner) is also responsible for payment of tax. Reply By RAVIKUMAR SATHYAPRIYA: The Reply: Thank you Shilpi Jain mam for your reply
Discussion Forum - Knowledge Sharing .....

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