But in some cases, the Recipient of Goods/Services is liable to pay GST instead of the supplier. This is in essence Reverse Charge.1. When is RCM under GST applicable?Under GST, there are three types of reverse charge scenarios, which are:...
Now, it is amply clear that in case of directors the part of remuneration accounted for as salaries in the books of accounts and TDS deducted under Section 192, GST is not applicable therefore no liability under RCM. Published by Anoop Gupta ...
GST @ 5% is required to be paid by the Recipient under Reverse Charge Mechanism (RCM) as per Section 9(3) of the CGST Act 2017 read with Notification No. 13/2017 - Central Tax ( Rate ), dated 28th June 2017, if you have received services from a GTA ( Goods Transport Agency ).For...
01 December 2020 I have paid GST under RCM for supply received. In GSTR 3B i have claimed the amount paid under RCM as input and it is showing in my credit ledger. Now, the supplier has cancelled the deal and also uploaded a credit note which is showing in my GSTR 2A. If I rever...
between models and over Italy; in southeast Italy, according to the ensemble mean, the models show a decrease in the annual rainfall below 50 mm in almost all periods and for both scenarios, with the exception of the period 2061–2090 under the RCP4.5 when increments (<50 mm) are found....