Dear Expert I have a question about RCM on Import Services OurSingapore client Sub Client provide services to Zambia Myanmar Tanzania and bill is raised for invoicing these services to India My question is we are liable to pay RCM on import services They
Input Tax Credit(ITC) is available only on the receipt of supplies for which tax has been paid and the supplied goods/services were consumed for business purposes.6. Who generates invoices under RCM transactions?If a person is not registered under GST, he cannot issue GST-compliant invoices. ...
Under GST regime, Article 269A mandates that supply of goods or services or both in the course of import into the territory of India shall be deemed to be supply of goods, or of service or both in the course of inter-state trade or commerce. Import of service As per Section 2(11) ...
If the Certificate of Conformity for the Level 3 equipment expires, its registration will also expire regardless of any remaining time of registration. To continue using any remaining time on the registration for that Level 3 equipment, the Certificate of Conformity must be renewed, and then the ...
BOQ Amounts Tender Value Refer Document EMD Refer Document Document Cost Refer Document auction sale of details as per vehicle information proforma gst = 18 the h 1 bidder will have to pay applicable gst amount to concerned gst authorities under reverse charge mechanism (rcm). quantity : 1 lot...
Delhi government has stated that the recent amendment in the Reverse Charge Mechanism On 30th June 2017 the governor of the National Capital Territory of Delhi, on the guidance of the officials revised the information in the Department of Finance (Revenu
However, there are some notified services under GST, on supply of such services GST is applicable under reverse charge mechanism i.e. the purchasers are required to pay GST tax to the Government.Purchase process for unregistered vendor has been explained in this document....
authorities. Such persons are called unregistered vendors. Any purchases from unregistered vendors do not attract GST. However, there are some notified services under GST, on supply of such services GST is applicable under reverse charge i.e. the purchasers are required to pay GST...
However, there are some notified services under GST, on supply of such services GST is applicable under reverse charge i.e. the purchasers are required to pay GST to the Government.A buyer may have to return the goods or issue credit note due to various reasons like damag...
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...