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    <title>RCM Liability under GST- RCM ITC utilisation</title>
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    <description>Reverse Charge Mechanism applies to purchases of scrap from unregistered persons effective 10 October 2024; the registered purchaser must issue a self invoice for each purchase, pay RCM tax in cash via GSTR 3B and report inward RCM supplies, and ITC for RCM is claimable only in the tax period in which the tax has been paid in cash, subject to usual eligibility conditions.</description>
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      <link>https://www.taxtmi.com/forum/issue?id=120806</link>
      <description>Reverse Charge Mechanism applies to purchases of scrap from unregistered persons effective 10 October 2024; the registered purchaser must issue a self invoice for each purchase, pay RCM tax in cash via GSTR 3B and report inward RCM supplies, and ITC for RCM is claimable only in the tax period in which the tax has been paid in cash, subject to usual eligibility conditions.</description>
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