RCM Interest Rules (Important)

• RCM tax ko aapko apne pocket se pay karna hota hai. Supplier GST nahi lagata.
• RCM ka payment **GSTR-3B me cash ledger se** hota hai. ITC use nahi hoti.
• Agar RCM late pay hota hai to interest lagta hai:
  • Monthly interest rate: 18% per annum
  • Formula: (RCM Amount × 18% × months / 12)
• 5% wala rate tab use hota hai jab koi category ka special rate diya ho like:
  • GTA Services (5% without ITC)
• Interest day wise bhi calculate ho sakta hai, lekin aap months basis ya daily basis dono choose kar sakte ho.
• Jab tak RCM pay nahi hota tab tak aap uska ITC nahi le sakte.
• RCM late payment interest hamesha net tax liability par calculate hota hai.