Dear All Member Kindly Tells us GST Applicability under RCM on Facebook Online Advertisement effective which date - GST RCM
RCM ON FREIGHT NOT PAID How to handle credit note on unclaimed ITC? Timing of UDIN generation ITC reversal when ITC wrongly claimed TDS on Salary Calculation Considerable Chapter VI Regarding rcm on rent from Oct 2024 Ewaybill data vs GSTR 1 - GST audit case Bill of Supply or Tax ...
The GST Portal has been upgraded to feature an RCM Liability/ITC Statement, which helps taxpayers accurately report their transactions. *** GST Collection for August 2024 As per the comprehensive report released on the Goods and Services Tax portal, the gross monthly GST collection increased by 10...
Here’s our guide on GSTR 9 categories, applicability, preparation and filing to avoid errors. Every taxpayer must file their taxes as of 20th January 2024 which is the due date for the filing of GSTR 3B and GSTR 5A without penalty. GSTR 5 form due date is 13th January ...
Time of supply in the case of RCM Importance of Vouchers in the case of Time of Supply Meaning and conditions of Goods sent on Approval Basis Meaning & Conditions of Continuous Supply of Goods 7.Composition scheme Meaning of Composition Scheme ...
Reverse Charge Mechanism Applicability Extension Reports suggest that one of the amendments could introduce provisions for bringing any transactions under RCM. This could first be introduced for the composition scheme. The GST Council had however postponed tax liabilities under RCM till June 30. Presentl...
F: GST ON SUPERVISION CHARGES F: Restaurant services A: APPLICABILITY OF GST ON PENALTIES IMPOSED BY RESERVE BANK OF INDIA A: Advance is taxable in year of receipt A: Writ Petitions Not Admissible for Challenging SCN Without Jurisdiction... ...
GSTN Advisory on Introduction of RCM Liability/ITC Statement The new "RCM Liability/ITC Statement" on the GST Portal, introduced for tax periods from August 2024 onwards, enhances accuracy and transparency by capturing Reverse Charge Mechanism (RCM) liabilities and corresponding ITC claims. Taxpayers...
Section 9(3) and 9(4) of the Central Goods and Services Tax Act, 2017 (CGST Act) provide two scenarios in which tax shall be chargeable on RCM basis: Supplies notified by Government u/s 9(3) Taxable Supplies by unregistered person to registered person The government, pursuant to section...
OIDAR Digital Services in India: GST Applicability and Compliance About Us India Briefingis produced byDezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including inDelhiandMumbai. Readers may writ...