13/2017-Central Tax dated 28/06/2017, the person who pays or must pay the freight for the goods transported by road in a goods carriage is liable to pay taxes under the RCM; here, the prerequisite is that the receiver belongs to a taxable territory....
In your case services are provided out side India ,I mean say non taxable territory to another non taxable territory and bill to India . Regarding Goods there is provision in Schedule III {7} of the IGST act 2017 , I am doubt regarding service provision . Considering the above you...
GST is paid by the supplier, but if the shipping line is located in a non-taxable territory, then GST is payable by the importer, the recipient of service. Ocean freight is a method of transport by which goods and cargo is transported by ships through shipping lines. Important aspects of...
13 Goods or services or both on which tax has been paid under section 10; ie. Under section 10 composition scheme 14 Goods or services or both received by a non-resident taxable person “Except on goods imported by him” 15 Goods or services or both used for personal consumption – 16 ...
Dear sir, We are an Air Travel Agent of a Foreign Economy Class Airline called Air Manas based kryzkistan. We are buying tickets from the Air Lines by making payment in foreign currency. Since the Airline is not in the taxable Territories , do we have to pay GST on RCM basis on purch...
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We also know that as per Income Tax Act,1961 a tax on all incomes earned in any year by an assessee, shall be taxable in the next year i.e. your previous year income will be taxed in the next Financial Year (Assessment Year) and not in the same. But in certain cases, the tax ...