Tag: rcm
Revised and up-to-date list of services covered under GST RCM as on 16.01.2025 Categories of supply of services where GST is to be paid on reverse charge basis Up-to-date list of services covered under GST reverse Charge Mechanism (RCM) There are two type of reverse charge scenarios provided …
Supply of Metal scrap by a unregistered person to any registered person brough under GST Reverse Charge Mechanism GOVERNMENT OF INDIAMINISTRY OF FINANCE(Department of Revenue) Notification No. 06/2024-Central Tax (Rate) New Delhi, the 8th October, 2024 G.S.R….(E).- In exercise of the powers conferred by sub-section (3) of section …
GST Notifications issued to implement the recommendations of the 54th meeting of the GST CBIC has issued GST Notifications to implement the recommendations of the 54th meeting of the GST Council held on 09.09.2024. The summary of the various notification dated 08.10.2024 issued is as under: Notification No. …
Introduction of RCM Liability / ITC Statement on GST Portal In order to assist taxpayers in correctly reporting Reverse Charge Mechanism (RCM) transactions, a new statement called “RCM Liability / ITC Statement” has been introduced on the GST Portal. This statement will enhance accuracy and transparency for RCM transactions …
Reverse Charge Mechanism (RCM) on renting of motor vehicles – CBIC Clarification on the suppliers covered Circular No. 130/49/2019- GST F. No. 354/189/2019-TRUGovernment of IndiaMinistry of FinanceDepartment of Revenue(Tax research Unit)***** North Block, New Delhi,Dated the 31st December, 2019 To,The Principal Chief Commissioners/ Chief Commissioners/Principal Commissioners/ Commissioner of …
Notification for RCM on supplies by unregistered persons rescinded with effect from 1st day of February, 2019. In view of the fact that specified persons under section 9(4) of CGST Act 2017 (as amended by 2018 Act) have not specified yet, the RCM provisions are not applicable from …
Please not that RCM provisions under section 9(4) of CGST Act 2017 (as amended) are not applicable despite the Notification No. 8/2017 being rescinded. Read More …Click Here >> GST reverse charge exemption extended to 30.09.2019 for goods purchased from unregistered dealers- Download Notifications Notification No. 22/2018–Central Tax (Rate) …
GST on Priority Sector Lending Certificate (PSLC) to be under Reverse Charge Mechanism (RCM). GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 11/2018-Central Tax (Rate) New Delhi, the May 28th 2018 G.S.R. (E).- In exercise of the powers conferred by sub-section (3) of section 9 …
GST Reverse Charge mechanism deferred till 30th September 2018 The GST Reverse Charge was deferred to 30th June by the notification dated 23-03-2018. As per news appearing in media, it was informed that the GST Implementation Committee (GIC), headed by the Revenue Secretary, had decided to keep in abeyance the …
GST Reverse Charge postponed till 31st March 2018-Download Notification Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 38/2017 – Central Tax (Rate) New Delhi, the 13th October, 2017 G.S.R. (E).– In exercise of the powers conferred by sub-section (1) …
