GST @ 5% is required to be paid by the Recipient under Reverse Charge Mechanism (RCM) as per Section 9(3) of the CGST Act 2017 read with Notification No. 13/2017 - Central Tax ( Rate ), dated 28th June 2017, if you have received services from a GTA ( Goods Transport Agency ).For...
Reverse charge mechanism is the case in which the receiver of goods is obligated to pay GST rather than supplier. Reverse charge mechanism (RCM)
Live Updates and discussion on Union Budget 2025-2 More recent discussions | Post Related ThreadsLabour Sub Contract GST Rate and RCM rate -Nonregistered RULE 36(4) ON RCM INWARD SUPPLY Failed to Claim RCM on Freight How to rectify and value calculate the RCM and FCM in GSTR 3B and in ...
RCM Time of Supply Rule Changes Effective from November 1 Now, let us look at GST due dates for December 2024. Here is a comprehensive image of our December GST Due Dates Calendar or GST Compliance Calendar. It has all the GST Due dates for December 2024 so that you never miss the Dece...
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....
GST Rates,GST Rate Finder,GST Rate on Labour Charges,HSN Codes,SAC Codes,GST State Codes Our Most Popular Reads The latest release of TallyPrime brings a fresh breeze of simplicity... Let’s understand the power of the connected GST feature... ...
Question No. 84: Whether CGST & SGST or IGST is to be paid on freight on RCM basis if goods are received from other states? Answer: IGST. Question No. 85: Any notification for due date of payment under GST? Answer:Notification No. 35/2017-Central Taxand56/2017-Central Tax. ...
–Rate at which IGST Paid –Amount of IGST Paid Reply Dilip June 5, 2017 at 7:57 pm We are merchant exporters from AP and procure goods from manufacturers from different states. Will manufacturers charge tax on goods purchase and how to get refund of taxes as export goods are non taxable...
7. Which Educational services attract GST on Reverse Charge? There are few examples of Educational services that attract GST under the reverse charge mechanism (RCM). Educational institutions are liable to pay GST on RCM for these goods or services – Sponsorship revenues from non-corporate entiti...