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...
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 2020 Anoop Gupta As per the provisions of GST Act Section 9(3) in case of notified goods and services, the person re...
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