I am a accountant in a municipality(Urban Local Body) at Karnataka state. in our ULB we called a bid for parking fee collection for 2019-20.final bid amount is Rs.75,50,000/-. this amount is applicable for GST? or other taxes??..how much percentage we need to collect?? please clarify me
Menu
GST law for parking fee bid
Replies (2)
No GST is payable by ULB of Karnataka state under RCM or FCM
Its exempted under notification 12/2017 CT (R) .
But as the query sounds that the MC has contract of Rental /Liecenc fee for Immovable property
hence As per Notification 3/2018 CT (r) , Recepient is liable do RCM on same .
But as the query sounds that the MC has contract of Rental /Liecenc fee for Immovable property
hence As per Notification 3/2018 CT (r) , Recepient is liable do RCM on same .
Recent Threads
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
Related Threads
CAclubindia
