This question was asked in What is Reverse Charge Mechanism (RCM) in GST

How to decide RCM rate in GST

Srichand Sharma

Aug. 18, 2017, 1:17 p.m.

Answers!

jp sharma

Sept. 19, 2017, 4:33 p.m.

In RCM Tax is extra and not inclusive

So it should be 42000*18% =7560

You have to pay 42000 rent to party and deposit 7560 separately to govt

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CR Subramanian

Sept. 19, 2017, 4:31 p.m.

i pay 42000 rent per month. as per my RCM i arrive at 42000 x 18/118= 6406 / 2 = 3203 sgst and 3203 am i correct..?

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CR Subramanian

Sept. 19, 2017, 3:07 p.m.

i pay 42000 rent per month. as per my RCM i arrive at 42000 x 18/118= 6406 / 2 = 3203 sgst and 3203 am i correct..?

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