What is Due date for payment of GST under Reverse Charge Mechanism?
Nexa Consultancy | Startup & Finance Glossary
The tax liability under the Reverse Charge Mechanism (RCM) must be paid in cash (not by using ITC) by the due date of filing the GSTR-3B for that month, which is typically the 20th of the next month.
Startup Example: A startup receives legal services from a lawyer in July. It must pay the GST on this service under RCM by August 20th.
Our GST services handle all RCM calculations and payments.