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GST on AMC
Can i pay GST through RCM if AMC work done by an unregister party?
Replies (8)
what is amc?
annual maintenance contract.
Yes..............
Use Below Mentioned Link
https://www.cbec.gov.in/resources//htdocs-cbec/gst/list-of-services-under-reverse-charge-2.pdf;jsessionid=94B5DB47CE1FAEA821E38F1BAE63C01C
You have to pay GST @ 18 % on AMC amount as Reverse charge machanism ( RCM ) if u taking any service from unregistered dealer.
YES,
As per Section 2 (119) of CGST Act, 2017 “works contract” means a contract for building, construction, fabrication, completion, erection, installation, fitting out, improvement, modification, repair, maintenance, renovation, alteration or commissioning of any immovable property wherein transfer of property in goods (whether as goods or in some other form) is involved in the execution of such contract.
"ANNUAL MAINTAINANCE CONTRACT"
| Originally posted by : kaushik deepak | ||
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YES, As per Section 2 (119) of CGST Act, 2017 “works contract” means a contract for building, construction, fabrication, completion, erection, installation, fitting out, improvement, modification, repair, maintenance, renovation, alteration or commissioning of any immovable property wherein transfer of property in goods (whether as goods or in some other form) is involved in the execution of such contract. |
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