What is Reverse Charge Mechanism under GST When is RCM under GST applicable? Registration for RCM Time of Supply for Reverse charge Mechanism (RCM) Payment of Tax on a reverse charge Input tax credit (ITC) Self-Invoicing What if an Input Service Distributor receives supplies liable to Reverse ...
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...
RCM Under GST Transportation Tax is charged on GST Services, which are nothing more than outsourced transportation agencies that provide the services of transporting goods while issuing a consignment note. Services based on Goods & Transport Agencies (GTAs) are covered by RCM in India. Under Notific...
13/2017 - Central Tax ( Rate ), dated 28th June 2017, if you have received services from a GTA ( Goods Transport Agency ).For paying GST under RCM basis, you need to prepare a "SELF INVOICE" as provided under Section 31(3) clause (f) of the CGST Act 2017 on the date of ...
16 November 2020 GST had been paid on long term lease of land on RCM basis. Later the deal got cancelled. 75% of lease premium paid at the time of lease agreement has been refunded back. The Lessor has filed a credit note in GST return which is showing under Credit note section in ...
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