WebAug 18, 2024 · Goods Transport Agency has the option to charge Goods and services tax at the rate of 2.5% or 6% CGST (equal SGST and 5% and 12% IGST). The GST rates are … WebMar 10, 2024 · GST on GTA Services: Forward Charge vs RCM. Notification No. 13/2024 – Central Tax (Rate) dated 28/06/2024 clarifies that GST had to be paid under RCM (if GTA not paying under forward charge added vide Notification No. 05/2024 Central Tax Rate w.e.f. …
Reverse Charge Mechanism (RCM) Under GST- 20 FAQs …
WebSep 3, 2024 · It must be noted that the aforesaid entries lay down respective conditions for charging different rates (whether 5% or 12%) on basis of admissibility of ITC by service … WebRecipient of Services under GST: Services of Goods Transport Agency (GTA) [RCM on GTA not applicable if GTA opted for Forward Charge option 12%] GTA: Any factory, society, co … the chef clown man show
RCM paid on GTA services @5% is eligible to claim ITC, Goods and …
WebJan 2, 2024 · The AAR, Chhattisgarh in the matter of M/s Prahallad Ray Rekhraj Agarwal [Advance Ruling No. STC/AAR/04/2024/39 dated October 8, 2024] has ruled that no Goods … WebServices Under RCM. RCM or Reverse Charge Mechanism refers to the process in which the purchaser is a registered individual and purchases goods from an unregistered supplier; in … WebJul 14, 2024 · Background: Earlier, the CBIC vide Notification No. 13/2024-Central Tax (Rate), dated June 28, 2024 (“Services RCM Notification”), to notify the categories of services on … thechefcomedu receitas de hoje