I understand that on Importing of Goods/services for which GST is not charged, we will need to reverse charge mechanism. As currently the RCM is delayed till March, are imports essentially not taxed?
Menu
Gst on import of services
Replies (3)
RCM abolished only for Sec 9(4) i.e. purchased from registered dealer..
This transaction covered in Sec 9(3) i.e specified service list. So iyou are required to pay tax essentially on this.
This transaction covered in Sec 9(3) i.e specified service list. So iyou are required to pay tax essentially on this.
Okay, thanks. Is there any exemption limit? Like if purchase is less than 4000 then no need to do RCM?
No exemption limit for GTA...
Only freight upto Rs.750/- is exempted from tax.....
Only freight upto Rs.750/- is exempted from tax.....
Recent Topics :
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
Related Topics :
CAclubindia
