GST overview Proposed GST Goods and Service Tax (GST) is an indirect tax levied on supply of goods or services or both. It is a destination/consumption based tax levy which is payable in the state in which the goods and services are consumed. ...
Goods and Service Tax (GST) is an indirect tax levied on supply of goods or services or both. It is a destination/consumption based tax levy which is payable in the state in which the goods and services are consumed. It is levied and collected on value addition at each stage ...
Metal Scrap Reverse Charge Mechanism (RCM) introduced for metal scrap supplies by unregistered persons; 2% TDS applied on B2B metal scrap supplies by registered persons. RMPU Air Conditioning Machines RMPU air conditioning machines for railways classified under HSN 8415, attracting a 28% GST rate....
Read Also: Input Tax Credit Guide Under GST: Calculation with Proper ExamplesS.No.ItemsExceptions 1 Motor Vehicles Except in cases:“Extended supply of such vehicles or conveyances;”“Transportation of passengers” 2 Other Conveyances “Providing training on driving, navigating such vehicles”“...
To set up GST registration numberRegistration Number under GST is called Goods and Service Tax Payer Identification Number (GSTIN). It is a state-wise PAN based 15-digit number.Choose the icon, enter GST Registration Nos., and then choose the related link. Fill in the fields as described ...
To set up GST registration numberRegistration Number under GST is called Goods and Service Tax Payer Identification Number (GSTIN). It is a state-wise PAN based 15-digit number.Choose the icon, enter GST Registration Nos., and then choose the related link. Fill in the fields as described ...
IfaGTA isregistered underRCM 5 till31 03 2019 hisITC ledger has a substantial amount of credit now can he change to Forward Charge 12 from01 04 2019 and can he adjust ITC credit in ledger showing up to31 03 2019 from this years forward charge Please advi
No. (Non-GST) Posted Cr. Memo No. (Non-GST) Posted Purch. Inv. For Unreg. Vendor Posted Purch. Cr. Memo (Unreg.) Posted Purch. Inv. Nos. (Unreg. Supplementary) Posted Purch. Inv. Nos. (Unreg. Debit Note) RCM Exemp. for Un-Reg. Ven. Start Date RCM Exemp. ...
In the case where the nature of the goods are changed even the marginal scheme under Section 11(1) of the Act will not be available and the second-hand dealer will also have to pay tax on the Purchase of second-hand goods under Section 9(4) under the Reverse Charge and then he will...
Goods and Service Tax (GST) is an indirect tax levied on supply of goods or services or both. It is a destination/consumption based tax levy which is payable in the state in which the goods and services are consumed. It is levied and collected on value addition at each stage of producti...