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 are anE commerce Operator SellerOur Outward Supply attracts 3 Gst shipping Charges Included sometimes Sometimes we charge it to customer on Shipping Charges we are charging 3 Gst from our customer and the same way we got charges By courier company cha
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
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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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...
Is GST to be charge on transportation charges in our invoice? Reply ANAND July 29, 2017 at 6:50 pm Two bill books can be maintained for cash and credit sales Reply Manku July 26, 2017 at 5:55 am Please inform how we can get credit for the excise paid on our closing stock on 30.6...
09 July 2024 It seems there might be confusion or a common issue related to Input Tax Credit (ITC) and Reverse Charge Mechanism (RCM) under GST. Here’s a clarification and steps you can take to resolve the issue:### Understanding Reverse Charge Mechanism (RCM):1. **RCM Liability:** ...