The query states that one of my client say Mr. X (other than Body Corporate) is involved in providing service of "Renting of Motor Vehicle" having SAC Code 9966. As per GST 37th Meeting held on 20-09-2019, CBIC expanded the scope of Reverse Charge Mechanism(RCM) by including the Services of Renting of Motor Vehicle for the persons other than Body Corporate from 01-10-2019.
Thus GSTR 3B for the month of October shall include sales that is covered under RCB, Henceforth there shall be output sales but there shall be no GST Tax liability(since covered under RCM). How to show such entries in GSTR 3B??
PLEASE GUIDE ME FOR THE ABOVE..
THANKS FOR THE HELP IN ADVANCE!!
Please provide Merits and Demerits on Textile Industry in India in Union Budget 2018.
In the budget 2018, a proposal has been passed to reduce EPF contribution of
women employees from existing 12% to 8%.
1) Is this amendment effective for salaries to be paid for the month of
any date from when it shall be effective?
2) Further, such reduction is applicable only for NEW women recruits or for both
new recruits and existing women working in a company?
Please let me know what is the cash withdrawal limit for Company, Partnership Firm, Proprietorship Concern, Trust, Society i.e. other than Individual & HUF.