RCM on freight limit 750 How are services by e-commerce operators treated under RCM? GST RCM on foreign expenses RCM under GST Transportation RCM on labor charges under GST Business liable to pay Reverse Charge on GTA Services How to check GST Paid by Supplier in RCM under GST?
Advance paid for reverse charge supplies is also liable to procure GST. The person making advance payment has to pay tax on a reverse charge basis. 5. Can you get Input tax credit (ITC) on transactions under RCM? Under the reverse charge mechanism, the recipient of goodscannot claim ITCas...
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
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:** ...
Ltd.[Civil Appeal No. 1390 of 2022 dated May 19, 2022] upheld the judgement given by the Hon'ble Gujarat High Court to hold that no IGST is payable on ocean freight under Reverse Charge Mechanism ("RCM") for Cost, insurance, and freight ("CIF") imports as Indian importer is liable ...
Bhavika Kothari (CA) (1258 Points) Replied 19 July 2021 Reverse Charge Mechanism (RCM) on Facebook Advertisement Service is applicable since inception of GSTLeave a reply Your are not logged in . Please login to post replies Click here to Login / Register ...
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