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Rcm applicability for fy 1819
sir is there any g.o or circular stating rcm applicability period for f y 1819 sir .. if so pls tell me sir
Replies (8)
Which type of rcm are you asking about? Please elaborate.
Yes RCM is applicable :
Refer Notification : 13/2017 CT (r)
,4/2017 CT (r), 24/2019 CT (r)
Refer Notification : 13/2017 CT (r)
,4/2017 CT (r), 24/2019 CT (r)
Agreed with Pankaj sir
Sir rcm on govt expenditure such as royalty dmf merit etc.. sir
All services supplied by Government To the business entity are liable To tax under RCM except if such business entity is below threshold limit or Invoice amount is less than Rs5000
You may refer serial no. 47 of notification 12/2017-CTR for exemptions which could be available.
Services provided by the Central Government, State Government, Union territory or local authority by way of-
(a) registration required under any law for the time being in force;
(b) testing, calibration, safety check or certification relating to protection or safety of workers, consumers or public at large, including fire license, required under any law for the time being in force.
Also, there is a dispute on what can be called a tax or govt fee against 'registration' on which exemption could be claimed.
Payment of royalty to GOVERNMENT is under RCM .
He Central Government, vide Notification No. 13/2017-CT (R) dated 28.06.2017 and Notification No. 10/2017-IT (R) dated 28.06.2017, has burdened the business entities/ taxpayers to pay GST under the Reverse Charge Mechanism on the services received from the Government
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