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reverse charge mechanism
pls give some examples for those paying tax under reverse charge mechanism...
Replies (3)
A registered dealer received goods or Services from Unregistered dealer then he can pay Tax under RCM basis...
Ex:
Office / Factory Rent @ 18% - If 10000 we pay Tax 1800.
Stationary @ 5%, 12%, 18%,
Machine Repair / Service @ 18%
Electrical Items @ 28%.....
(finally less your transaction from URD)
Ex:
Office / Factory Rent @ 18% - If 10000 we pay Tax 1800.
Stationary @ 5%, 12%, 18%,
Machine Repair / Service @ 18%
Electrical Items @ 28%.....
(finally less your transaction from URD)
please advise what to do if one is hiring tractors for transportation of goods locally. how to show rent paid if it is less than five thousand per day?
5k inclusive all other expenses like rent stationery day wise expenses to be maintained
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