The reason being provided for the same is that selling of old gold jewellery is not the business of the individual and hence the said transaction does not qualify to be a supply and hence it will not attract any provisions of GST and hence no tax is payable on a reverse charge basis.
However, it must be noted here that if the old gold jewellery is sold by the unregistered supplier to the registered supplier, provisions of the reverse charge mechanism are applicable and tax is payable accordingly.
RCM applicable on above situation is it still exist
in a company suppose a sales staff to reduce TDS amount on his salary he takes as a commission amount to his wife name from which he can minimize his TDS amount . can company face any consequences on complaint made to income tax department.
in a company suppose a sales staff to reduce TDS amount on his salary he takes as a commission amount to his wife name from which he can minimize his TDS amount . can company face any consequences on complaint made to income tax department.
if any Pvt. Ltd. company in Delhi not following labour law , can be any consequences.
Company is paying below Rs. 10.000/- ( Ten Thousand per month) per month to its office boy. there will be any consequences. and also company not provided appointment letter to the office boy of company . But the office boy is working whole day in office.
as per Delhi labour law company can face any consequences.
Assessee is a sole proprietor of two firms and he has taken gst registration for both firms under one registration.
The registration certificate GST Reg - 06 mentions both firms
whether above procedure of taking one gst registration for two firms under one proprietorship is correct ?
If an auditor gets disqualified to continue audit after 2nd year and then again becomes qualified after a year, can he be appointed for new term of 5 years or the remainder term of 2 years or 3 years ..
Thanks in anticipation of answer
Hi,
What will be the accounting entry to record the MAT credit in Balance sheet as per Ind-AS?
Dear Sir,
We have issue check rs. 1,00,000 Date On 1/3/2020 against our purchase bill. the cheque is not pass in 3month now i have split my company data already how to adjustment entry pass please suggest right Answer
Reverse Charge Mechanism(RCM)