FAQ on RCM Suspension GST on advance payments, GTA and TDS Provisions
Ans: No, reverse charge is being suspended only for purchases made by registered persons from unregistered persons. Reverse charge liability as notified under section 9(3) of the CGST Act, 2017, will continue to be applicable.
Ans: No, the correct position is that the liability to pay GST on supply of goods shall not arise at the time of receipt of advance. GST shall have to be paid when the supply of goods is made. Please note that this is only applicable for a registered person having turnover up to Rs. 15 crores. This is not applicable for supplies of services .
Ans: No, supplies made by a GTA to an unregistered person havebeen exempted from GST. Therefore, a GTA will not need to get registered just because it is supplying GTA services to an unregistered person
Ans: No, the operationalization of TDS registration and collection under GST has been put on hold till 01.04.2018.
Ans: No, since the operationalization of TDS provisions has been put on hold till 01.04.2018, a government department need not compulsorily register just to deduct TDS. If the government department is otherwise liable to pay GST, then it should take registration
Once assessee discharges primary onus of providing basic documents in support of the identity, genuineness and the creditworthiness it shifts…
CBDT has notified Cost Inflation Index for Financial Year / Tax Year 2026-27 CBDT has notified "384" as Cost Inflation…
Power of CIT(A) under section 251(1)(a) to remand case could be exercised only when the assessment is passed u/s 144…
ICAI (Global Networking) Guidelines, 2025 kept in abeyance In February 2026, ICAI had issued ICAI (Global Networking) Guidelines 2025 to…
Bank of India-Online Concurrent Audit Empanelment FY 2026-27. Last Date to apply is 15.07.2026 Notice for CA firms applying for…
AO was not competent in valuing the share premium amount as he is not an expert to do the…