Rcm
This query is : Resolved
06 August 2018
Dear Sir,
iam confused on RCM, my query is that is RCM is fully exempt till 30.09.2018 or their are certain services or goods on which RCM is applicable?
if yes then if possible please provide that goods or service in which we have to pay rcm.
Thanks.
iam confused on RCM, my query is that is RCM is fully exempt till 30.09.2018 or their are certain services or goods on which RCM is applicable?
if yes then if possible please provide that goods or service in which we have to pay rcm.
Thanks.
07 August 2018
Yes... Exempted only sec 9(4) related Activities..
But, RCM still applicable sec 9(3) related activities...
Please go through this link for details of sec 9(3)...
https://taxguru.in/goods-and-service-tax/services-goods-notified-reverse-charge-mechanism.html
Message likes :
1 times
07 August 2018
Services on which reverse charge is applicable is notified vide Notification No. 13/2017 Central Tax(Rate) dated28.6.2017. You can refer the same.
Message likes :
1 times
09 August 2018
thank you raja sir and vishakha mam. you made me clear about rcm.
09 August 2018
one more query regarding this what is the exemption limit under rcm per day or per month.?
09 August 2018
No more limits except GTA. Registered Dealer will be pay GST Tax under RCM Basis from Rs. 1.
But.,
GTA's Limit is based on Consignment Value... As follow
Upto Rs. 750 no need pay RCM Tax...
If Single consignment then No need to Pay GST Tax under RCM upto Rs. 1500
Otherwise RCM applicable except the above said values of GTA...
But.,
GTA's Limit is based on Consignment Value... As follow
Upto Rs. 750 no need pay RCM Tax...
If Single consignment then No need to Pay GST Tax under RCM upto Rs. 1500
Otherwise RCM applicable except the above said values of GTA...
Message likes :
1 times
09 August 2018
legal services by an advocate(URD) to a registered dealer is attracting RCM. What is the meaning of legal services? is GSTor income tax return filing on behallf of a client on which one charging his fee is covered under legal services?
10 August 2018
Yes... Exempted only sec 9(4) related Activities.. But, RCM still applicable sec 9(3) related activities..
YOU have to pay RCM on :-
Freight Inwards/Outwards @ 5%
Payment To Advocate @ 18%
Manpower Supply@ 18%
YOU have to pay RCM on :-
Freight Inwards/Outwards @ 5%
Payment To Advocate @ 18%
Manpower Supply@ 18%
10 August 2018
RCM Applicable for ADVOCATE FEES.
Freight Inward / Outward from GTA then RCM applicable. Other than GTA RCM not applicable...
RCM not applicable for Man Power Supply. It's not u/s 9(3).
Freight Inward / Outward from GTA then RCM applicable. Other than GTA RCM not applicable...
RCM not applicable for Man Power Supply. It's not u/s 9(3).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ADVANCE PAYMENT OF ADVOCATE
- Unregistered suppliers utility
- NRI starting business in India
- ITDS U/S.194T of Firm
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- Capital gain on sale and purchase of plot
- Eway bill not cancelled within 24 hous what can be due
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- CREDIT NOTES WITHOUT GST
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
