News Topics

I am a GST registered person. Recently, I purch...

I am a GST registered person. Recently, I purchased goods and collected GST under RCM provisions respectively. My query is “Do I need to deposit this tax under my GSTIN or in the name of supplier?

I am a GST registered person. Recently, I purchased goods and collected GST under RCM provisions respectively. My query is “Do I need to deposit this tax under my GSTIN or in the name of supplier?

0
Jeeba Lal Jul. 13, 2018

In case of reverse charge mechanism, the liability to pay tax is of a recipient of goods or services.

So you have to deposit tax on you own GSTIN, as the liability to discharge GST is of a recipient of supply.

I am a GST registered person. Recently, I purchased goods and collected GST under RCM provisions respectively. My query is “Do I need to deposit this tax under my GSTIN or in the name of supplier?

Ask Question Create News