Reverse charge mechanism is the case in which the receiver of goods is obligated to pay GST rather than supplier. Reverse charge mechanism (RCM)
GST Reverse Charge Mechanism Scenarios on Service/Goods GST Reverse Charge Scenario No. 1 Services : · Nature of supply and/or nature of the supplier · this section is applicable whether the dealer is a registered dealer under GST or not · Under this scenario notified supply of goods and ...
Goods Transport Agency (GTA) filing of Declaration in Annexure V when opting to pay tax under forward charge. View more The DGTS CBIC department will schedule the webinar on the GST Amnesty scheme. Meeting URL: https://dgts.webex.com/wbxmjs/joinservice/sites/dgts/meeting/download/d0b39...
GST Rates & Charges 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... ...
Applicable gst rate on freight charges for export of goods... (2) Gst refund for forign tourist(3) Depreciation on capital goods with gst component... (8) Itc on factory building(9) Gst appeal pre deposit amount(5) Gst / service tax on area given under joint development agreement......
In recent times, there has been spate of notices issued by GST dept demanding GST with interest penalty on the reimbursement of electricity charges, collected by the landlords of commercial buildings as well as by building facility /maintenance service providers. These shocking demands are being iss...
· GST Rate change: The provision for handling rate change is provided in system, if user create an invoice after rate change, but wish to create with previous rate without changing posting date, this feature will help user to create such invoices. ...
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 entities Security services from non-corporate entities Sale of capi...
Reverse charges on supplies Under the service tax regime, a developer was required to pay taxes on certain services that were availed by him, such as, services of goods transport agencies, advocate firms, legal services, security services, and so on. On certain services, the developer had to...