WebAug 17, 2024 · There are two provisions under which GST is payable under reverse charge: A) The first one is payable under section 9 (3) of CGST Act, 2024. A list of goods and services on which the tax is payable under the said section is notified thru notification. B) The second provision to pay tax is provided under section 9 (4) of CGST Act, 2024 where … WebJun 28, 2024 · As per section 2 (98) of CGST Act 2024, “Reverse-Charge” means the liability to pay tax by the recipient of the supply of goods or services or both instead of the …
RCM Under GST: Know Working & Applicability Under New GST …
WebApr 8, 2024 · From the combined reading of sections 2(62) and 2(63) we understand that tax paid in the form of CGST, SGSTUTGST, IGST for procurement of goods or services by a registered person including GST paid under RCM method for import and inward supplies will be called as Input Tax Credit. WebMar 30, 2024 · Section 9 (3) Reverse Charge List. Reverse Charge currently is applicable mostly on Services like. Advocate Service, Goods Transport Service, Passenger Transport … easter bingo printable pdf
GST ADVANCE RULING
WebApr 12, 2024 · 2024-TIOL-274-CESTAT-KOL. Maa Lilori Bhander Vs CC. Cus - The Consignment of 7,000 kgs of Black Pepper were being transported under proper GST Invoices, E-Way Bills and under proper Consignment Notes - The seizure also was affected, not in any border area, but after traveling for three to four days from place of origin i.e. … WebUnder GST law, the following are the scenarios of the reverse charge mechanism. Supply of specific goods and services specified by the CBIC. Under section 9(3) of the CGST Act, … WebGST Registration Under RCM. Taxpayers who are required to pay reverse charge tax have to mandatorily register under GST and the threshold limit of Rs. 20 lakh (Rs. 10 lakh for … cubs game live stream today