New RCM Liability & ITC Statement: What Businesses Need to Know Now, let us look at GST due dates for October 2024. Here is a comprehensive image of our October GST Due Dates Calendar or GST Compliance Calendar. It has all the GST Due dates for October 2024 so that you never miss an...
Dr03 payment for input tax repayment Bank account issue in GST Credit Note On GST RCM paid under wrong head E-way Bill Limit In Maharashtra Income tax query capital gain & exemption GSTR 4 FOR 24-25 due date of annual return view more » Start a New Discussion Trending Online Clas...
Under the reverse charge mechanism (RCM), the recipient, instead of the supplier, issues the invoice and directly pays the GST to the government. A payment voucher should also issued along with this invoice. 5. Debit and Credit Notes Debit notes are issued in scenarios where the original invo...
Good Evening Sir We Are Sending Our Stock Through Lorry Directly But The Vehicle Sent By Mediator Lorry Brocker Office Lorry Freight Paid By Our End Either Advance Or Full Payment Shall We Eligible To Pay RCM - GST RCM
Advance paid for reverse charge supplies is also liable to procure GST. The person making advance payment has to pay tax on a reverse charge basis.5. Can you get Input tax credit (ITC) on transactions under RCM?Under the reverse charge mechanism, the recipient of goods cannot claim ITC as...
The taxpayer has to pay tax at normal rates for transactions under the Reverse Charge Mechanism (RCM) If a taxable person has different segments of businesses ( such as stationery, medicines, electronic accessories, furniture etc.) under the same PAN, they must register all such businesses under...
RCM Exemp. for Un-Reg. Ven. Start Date Date RCM Exemp. for Un-Reg. Ven. End Date Date Cr. & Libty Adj. Journal No. Type: Code 10 Purch. Inv. Nos. (Reg) Type: Code 10 Purch. Inv. Nos. (Reg Supp) Type: Code 10 Pur. Inv. Nos.(Reg Deb.Note) Type: Code 10 Pu...
Payment to cine or tv artists. liability under rcm(44) Charge sheet under section 132.(29) Gst on royalty under rcm(26) Section 74 of cgst(20) Proposed amendment to section 17[5][d](18) Rcm on rent(17) Benefits of duty under advance authorisation(16) ...
Different GST Group and HSN/SAC Codes in Advance Payment and Invoices Note: The details published in ATA report for adjustment of adjustment scenario is not handled in this release, this will be delivered in upcoming releases. Calculating GST with ARN...
Rcm on rent(17) Royalty payment and gst(16) Can appellate authority issue show cause notice under section 73 or 74 as per appeal section 107(11)(15) Export of services under gst(15) Fraud by a customer to the banker(15) Benefits of duty under advance authorisation(15) ...