27 July 2020
following services are under RCM. 1.Supply of services by GTA (Goods transport agency) in respect of transport of goods by road, 2.Supply of service by individual advocate including senior advocate or a firm of advocate, 3.services supplied by arbitral tribunal, 4.Services provided by way of sponsorship to any body corporate or partnership firm. 5.Services supplied by the Central Government, State Government, Union territory or local authority to a business entity , 6.Services supplied by a director of a company or a body corporate to the said company or the body corporate. 7.Services supplied by an insurance agent to any person carrying on insurance business. 8.Services supplied by a recovery agent to a banking company or a financial institution or a nonbanking financial company. 9.Supply of services by an author, music composer, photographer, artist or the like by way of transfer or permitting the use or enjoyment of a copyright covered under clause (a) of sub-section (1) of section 13 of the Copyright Act, 1957 relating to original literary, dramatic, musical or artistic works to a publisher, music company, producer or the like. 10.5 Services provided by way of renting of any motor vehicle designed to carry passengers where the cost of fuel is included in the consideration charged from the service recipient, prov 11.Service of security agency service to business entity
The threshold limit is not prescribed for RCM. the registration is compulsory
Thank you for your information and kindly advise we are manufacturer and paying Freight charges for Inward and Outwards and some time cash also. is there any threshold limit for per transaction for considering RCM
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