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 Charge? What if the receiver of goods / ...
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) ...
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However, new amendments will pave for insertion of composition scheme under the RCM mechanism for the unregistered supplies Compensations Act Under GST The GST (Compensation to States) Act, 2017 will go through a few updates to ensure clarity on refund process for export goods Manufacturers. “The...
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 ...
company would not be liable to pay GST under RCM on the remuneration paid to the director as this activity or transaction gets covered under clause 1 of Schedule III to CGST Act which provides exclusive list of activities which shall neither be treated as supply of goods nor supply of ...