Reverse charge mechanism is the case in which the receiver of goods is obligated to pay GST rather than supplier. Reverse charge mechanism (RCM)
We have received freight bill from un registered person at what percentage I have to pay GST As it is not reflecting in GSTR 2A how can I claim ITC benefit on the same please clarify - GST
Gst on sale of land in exchange of apartments... (1) Filing of income tax returns(2) 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) ...
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....
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...
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. ...
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1. **RCM Liability:** When certain services are availed from an unregistered supplier or specific goods/services are procured as per GST law, the liability to pay GST shifts from the supplier to the recipient. This is known as Reverse Charge Mechanism (RCM). ...
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...
Our Gross Receipts are from 2 sources i e from sales of material and transportation services Now my question is 1 Whether I am liable to pay GST on outward transportation charges 2 Whether GST payable under RCM on inward Transportation Charges paid