you cannot claim more than 105% of the ITC reflected in GSTR-2B as provisional credit. This 5% provisional ITC rule does not apply to the import of goods, input service distributors and, reverse charge mechanism (RCM).
The reverse charge mechanism (RCM) applies to certain services that have been notified under the GST Act. The Reverse Charge Mechanism is the procedure of paying GST by the receiver rather than the supplier. The recipient should clear tax under the reverse charge system, but both the provider ...
Click on the "Bank" icon, and under the bank reconciliation tab, users can match the cash balances on the balance sheet to the corresponding amount of their bank statement so they can determine the differences between the two. Click on the reconcile button To check the bank reconciliation of ...
I must also stress on the important roles played by our advisers during two crucial stages in the past year. In the first instance, Hong Leong Investment Bank Berhad guided us through our IPO process whilst RHB Investment Bank Berhad did the same through the Qualifying Acquisition. Our legal ...