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GST: RCM applicable to Service of Renting of Immovable Property by Govt to Registered Persons [Read Notification]

The Central Government today notified that the supply of service of immovable property by the the Central Government, State Government, Union...

GST on Supply of Raw Cotton by Agriculturist will be paid by Recipient under Reverse Charge: CBEC...

Services provided by Overseeing Committee members to RBI is subject to GST under RCM [Read...

Advance Receipts for Exports must be Exempted, Increase Threshold Limit for RCM: CII to Govt.

RCM Applicable to all Services provided by Advocates: Govt clarifies Issues on Legal Services under...

Testing and Analysis Service rendered by Foreign Companies are not subject to Service Tax under RCM: CESTAT Mumbai [Read Order]

The Mumbai CESTAT, in Total Oil India Ltd v. Commissioner of Service Tax, Mumbai, held that service tax is not payable on services such as testing and analysis rendered by foreign companies to the...

GST Registration is Compulsory to Pay Tax under Reverse Charge Mechanism: Govt Explains the Concept of RCM [Read Concept Note]

Recently, the Central Government released a document explaining the concept of Reverse Charge Mechanism in detail. Under the new Indirect Tax law rolled out on July 1st tax on certain services the...

Sale of Old Jewellery by an individual to a Jeweller will not make jeweller liable to pay Tax under RCM, says Finance Ministry

However, if an unregistered supplier of gold ornaments sells it to registered supplier, the tax under RCM will apply. In the GST Ki Master Class held yesterday, in one of the replies given to an...

RCM not applicable to Intra-State Supply of Goods & Services below the value of Rs. 5000 by an Unregistered Person to a Registered Person [Read Notification]

The Central Government recently notified that the Reverse Charge Mechanism (RCM) is not applicable to intra-State supply of goods & services made by an unregistered person to a registered person...

IGST: RCM Applicable to Supply of Lottery, Cashew Nuts, Silk Yarn, Bidi Wrapper Leaves etc [Read Notification]

The Central Government has notified the list of goods taxable under the Reverse Charge Mechanism (RCM) under the proposed Integrated Goods and Services Tax (IGST) Act. As per the reverse Charge...

All You Need to Know about the Applicability of Reverse Charge Mechanism under GST

The Indian economy is all set to welcome the new indirect tax law, the Goods and Services Tax (GST) from July 1, 2017. The GST Council, the highest body, last week, has paved way to the rollout of...