Note:This is a simplified example, and the actual ITC calculation may vary depending on specific factors such as the nature of the goods or services, the applicableGST rates, and any restrictions or reversals of ITC. It’s always advisable to consult with a tax professional for accurate guidan...
How has RCM impacted GST on Rent? The notion of RCM was drawn from the former Service tax statute. The scope of RCM has been dramatically enlarged in GST, which may have a negative impact on contractors. One of the necessary modifications to RCM under the GST law is that if goods or s...
In 2001, she assumed the post of Finance & Administration Manager of RCM Engineering & Services Sdn Bhd. Six years later, she joined SapuraCrest Petroleum Berhad (SapuraCrest) in the Strategic & Operations Planning Unit, where she was part of the team to implement the operational reorganisation...