2. Who needs to Register for RCM under GST?For a person required to pay GST under reverse charge mechanism, it is mandatory for him to be registered under GST and is exempted from the threshold limit of Rs. 40 lakh (Rs. 20 lakh for special category states except for J & K) is not...
How to check GST Paid by Supplier in RCM under GST? Accounting Treatment of Reverse Charge Mechanism Key points dealing with RCM Who will issue the RCM invoice? RCM on freight limit 750 How are services by e-commerce operators treated under RCM? GST RCM on foreign expenses RCM under GST Tr...
Dear Sir Please clarify that, if the director has charged GST under forward charge for professional fees then also company is liable to pay GST on RCM basis ? 23 July 2020Anoop Gupta As per the provisions of GST Act Section 9(3) in case of notified goods and services, the person respon...
Cash limit for donation to trust More recent discussions | Post Related Threads Fresh GST REGISTRATION after cancellation Return filing U/s 44ADA and GST registration Is GST or GST Registration required Udin for gst audit What if gst liabilty is negative Urgent Help GST NOT PAIDPopular...
The threshold limit under the composition scheme will also be increased. One of the amendments proposes Rs 2 crore annual turnover eligibility for taxpayers under composition scheme. This would be an increase of 50 lakhs on the present threshold limit. The amendment may also facilitate the supply...
- **ITC Time Limit:** Ensure that the ITC being claimed pertains to the same financial year (in this case, 2020-21) and that it is within the due dates prescribed for claiming ITC. - **System Glitch or Error:** Occasionally, technical glitches on the GST portal can cause issues with...
01 December 2020 I have paid GST under RCM for supply received. In GSTR 3B i have claimed the amount paid under RCM as input and it is showing in my credit ledger. Now, the supplier has cancelled the deal and also uploaded a credit note which is showing in my GSTR 2A. If I rever...
The goal set during the 21st session of the Conference of the Parties (COP21) to the United Nations Framework Convention on Climate Change (UNFCCC, [2]), is to limit global warming to below 2 ◦C above pre-industrial levels and pursuing efforts to limit the temperature increase to 1.5 ...