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Goods and Services Tax - GST authority had issued various notifications since GST had been introduced in India. Many of the notifications provided much needed relief, clarification etc. Notification 20/2017 & 22/2017 (Central & Integrated Tax Rate) appears to be such notifications vide which GST authority tried to bring more flexibility in GST regime. How...
Read MoreGoods and Services Tax - This article discuss the liability of GST payable on Reverse Charge basis, against supplies received from Unregistered Suppliers in view of the amendment to notification No. 8/2017 CT (rate) by Notification No. 38/2017 C T (Rate) dated 13.10.2017 and issue of a new notification No. 32/2017 IT (Rate) dated 13.10.2017...
Read MoreGoods and Services Tax - Reverse Charge Mechanism u/s ( 4 ) of CGST Act, a contentious move to force dealers to register under GST, faced a lot of resistance and criticism and hence was put on hold till 31st March 2018. In view of the declining monthly GST collections in recent months, there have been comments that RCM should be brought back to arrest the GST re...
Read MoreGoods and Services Tax - Concept of Reverse Charge under CGST Act, 2017 & IGST Act, 2017 explained in a lucid manner covering list of Goods & Services covered under RCM as on 31st January 2018....
Read MoreGoods and Services Tax - In the normal course of taxability in GST liability to pay GST on supplier on supply of Goods or services but in some cases recipient of goods or services liable to pay GST. The concept of reverse charge under GST is similar to the e reverse charges liability in previous service tax law...
Read MoreNotification No. 3/2018-Integrated Tax (Rate) - (25/01/2018) - From 25.01.2018 Services supplied by the Central Government, State Government, Union territory or local authority by way of renting of immovable property to a registered person under CGST Act, 2017 to be taxed under Reverse Charge Mechanism (RCM)....
Read MoreNotification No. 4/2017-Union Territory Tax (Rate) - (28/06/2017) - Central Govt notifies goods in respect of which the Union territory tax shall be paid on reverse charge basis by the recipient of the intra-state supply of such goods...
Read MoreCircular No.193/03/2016-Service Tax - (18/05/2016) - Service Tax liability for services provided by an arbitral tribunal (including the individual arbitrators of the tribunal) shall be on the service recipient if it is a business entity located in the taxable territory with a turnover exceeding rupees ten lakh in the preceding financial year....
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Notification No. 3/2018-Integrated Tax (Rate) - (25/01/2018) -
