General
Common Services covered under RCM (Reverse Charge) under GST
S.No Type of Service Service Provider Service Recipient Description of Service 1. Goods Transport by Road (GTA) Goods Transport Agency (who has not opted for FCM option in 5% or 12%) Any person other than non business entity. Services provided by GTA ...
List of Password required for opening various documents
List of Password required for opening various documents Functionality Password Format Example ITR V PAN number (lowercase alphabet) and the DOB ("DDMMYYYY" format). aaaa11111a01012011 Form 16/16A/27D/TBR PAN (first 5 letter in uppercase) and ...
Procedure to Pay GST Challan
For paying GST challan related to Returns or any demands, please follow below steps: Go to GST portal https://www.gst.gov.in/ Select 'Services' from Menu bar and then Select 'Payments'. You'll have following options: Create Challan: Click if you want ...
E-Invoicing : Decoding the Mysteries for Small Traders / MSME
Applicability: W.e.f. 1st August, 2023: If turnover on a single PAN exceeds Rs 5 Cr in any financial year from FY 17-18. For ex: Mr. A has following turnovers: Financial Year Turnover (in ₹ Cr) 18-19 8 19-20 7 20-21 5 21-22 6 As Turnover in FY 18-19 ...
GST on Residential Property
As per the new rules w.e.f. July 18, 2022, if the tenant of the residential property is GST-registered, he has to pay 18% GST irrespective of the fact that the landlord is GST-registered or not. The payment of the GST shall be made under the reverse ...
GST on Pre-Labelled and Pre-packaged goods (GST Update 13.07.2022)
There are various misunderstanding as to levy of GST on common food products including wheat, rice etc. It is being said that this move by government will increase the price of essential commodities thus affecting common man. Various mandi have held ...
GST Updates (July '22)
Central Board of Indirect Tax and Custom (CBIC) has released various notifications enforcing various recommendations of 47th GST Council meeting held on 29th June 2022 and related to E-invoicing. Applicable from 18.07.2022 RELATED TO GOODS Rates on ...
Whether IGST or CGST/SGST to be paid on GTA services?
Confusion of Charging CGST/SGST or IGST? Section 12 of IGST Act states that the Place of Supply for services by way of transportation of goods, including by mail or courier would be as follows: Recipient Place of Supply Registered Person Location of ...
Understanding GST on Goods Transport Agency (GTA) Services (from recipient perspective)
Change w.e.f 18.07.2022 Categories of transporters: A transporter who are GTA and not charging GST on Bills. A transporter who are GTA and charging 5% or 12% GST on Bills. A transporter who is not a GTA. GST Treatment for GTA, whether registered or ...