Under GST, there are three types of reverse charge scenarios, which are: i. Nature of Supply/Nature of Supplier The reverse charge mechanism is applicable upon the nature of the given goods/services as notified by CBIC which will be covered under RCM. This scenario is covered by section 9 ...
Good and Service Tax Act ('GST') was introduced in India from July 1, 2017 and is a single unified tax created by amalgamating provisions from erstwhile taxes like VAT, Service Tax, Excise etc. One of the legacy provisions which is included under GST from Service Tax is the concept of...
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 receipt of goods or services and also you need to issue a Payment Voucher to the Supplier acknowledging the payment. Accordingly you ...
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 lmv mahindra - kl 01 h 2968 Download Tender Document / BOQ You May Also Check ...
GST on service management GST input service distribution TDS TDS for customer TCS Voucher interface Fixed asset Gate entry Subcontracting Stale cheque Italy Mexico Netherlands New Zealand Norway Russia Spain Sweden Switzerland United Kingdom United States ...
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