(o) address of delivery where the same is different from the place of supply; (p) whether the tax is payable on reverse charge basis; (q) signature or digital signature of the supplier or his authorised representative;
As per section 9 (4) of the CGST/SGST (UTGST) Act and section 5 (4) of the IGST Act, if a registered person purchases goods/services from an unregistered dealer (URD) then the registered taxpayer is liable to pay GST on reverse charge basis( only for certain goods/services). All th...
Impact of GST on Restaurants Read More→ GST Impact on Real Estate – The Sector Overall Read More→ GST Impact on Real Estate Buyers Read More→ GST Impact on Real Estate – Developers and Builders Read More→ When do you have to Pay Tax on Reverse Charge Basis?
Every tax invoice must mention whether the tax is payable on reverse charge in accordance with section 31 of the CGST Act, 2017 and Rule 46 of the CGST Rules, 2017. Similarly, you also need to mention in the receipt voucher and refund voucher if the tax is payable of the reverse charge...
Question No. 111:I have paid 5% GST on reverse charge basis for receipt of GTA service. Can I claim credit for GST paid? Answer:Yes, its credit can be claimed. Question No. 112:Date of applicability of TDS provision under GST regime?
Hence, GST will be levied on his remuneration and the company shall be liable to pay the same on reverse charge basis. Consideration for services of a Whole-time Director The circular also clarified that the employer-employee relationship of a director in a company may be established on followi...
On goods and/or services where the receiver pays tax on reverse charge basis On goods lost, stolen, destroyed, written off or disposed of as a gift or free samples Treatment of input tax credit already availed in exceptional scenarios
The supplier had to record invoice-by-invoice sales subject to RCM. The supplier must declare the same in GSTR-1 table 4B. (Outward supplies engaged tax on reverse charge basis). The recipient is required to report a summary of purchases that are subject to reverse charge. The beneficiary ...
Making charges are what goldsmiths will charge for their services, and they will be subject to a 5% GST. However, if these goldsmiths or specialists are not GST registered, then the gold merchant or jeweler must pay GST on a reverse charge basis at the rate of 5%. ...
GST on freight - Know GST rate on freight charges, goods transport agent, the provisions for registration, tax liability and tax credit for GTA under GST.