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Circular 211 - A Detailed Analysis

As we know that there is a concept of RCM under the GST law through which the liability to tax is shifted from the supplier to the recipient. The list of goods on which RCM is applicable is given under Notification No. 04/2017 Central Tax (Rate) dated 28.06.2017 and the list of services which are covered under RCM are given in Notification 13/2017 CT (R) dated 28.06.2017. The recipient who deposits the tax under RCM can also claim the input tax credit............... Read More