TaxTMI 
TaxTMI 
Availment of credit paid under RCM and FCM
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....vailment of credit paid under RCM and FCM<br> Query (Issue) Started By: - SKP IDT Dated:- 17-1-2020 Last Reply Date:- 17-1-2020 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>I paid sponershi....
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....p 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 get....
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.... 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 u....
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....nder 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 servic....
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....e 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 &q....
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....uot;you are not required to pay tax again".<br> Discussion Forum - Knowledge Sharing ....