As per the notification 12/2017 services by Central, state or union territory or local authority to a business entity excluding few services is exempt in gst
As per notification 13/2017 services provided by Central, state or union territory or local authority to a business entity excluding few services , RCM is applicable..
can anyone explain difference in above 2 with some example?
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Services of central, state ,union territory or local authority
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Dear,
As per above two notification, Law maker want to say that which government service is taxable under GST Law, RCM will be applicable amongst those services as specified.
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1-Post office Services (except postcard, Inland card, Ordinary post), Vessel & Air craft Services, Transportation services are taxable services under NCM
2- Renting of residential Property - B2B transactions - Taxable under RCM
3- Renting of other than residential Property - B2B transactions - Taxable under RCM
-Renting of other than residential Property - B2C transactions - Taxable under NCM
Which services are exempted, No question will arise RCM or NCM
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