WebApr 28, 2024 · Mining is one of the core sectors for revenue generation for the government especially from the taxes on royalty. Under the Rajasthan Minor Minerals Concession … WebSuppose the purchases from registered dealers shortfall 80%, then the promoter should GST at 18% on the reverse charge to the extent short of 80% of inward supplies. However, if …
Service Tax RCM on works contract - CAclubindia
WebDec 24, 2024 · Sub: Taxabilityof personal and corporate guarantee under GST Sir an Excellent explication on Personal Guarantee - a taxable Service under GST. Learned Advocate has thoroughly examined the issue and wonderfully explained how the liability originates on Personal Guarantee under Sec 7 of GST and how it will come under the … WebDec 3, 2012 · REVERSE CHARGE MECHANISM OF SERVICE TAX (RCM) With effect from 1-7-2012, the central government has notified the new partial reverse charge mechanism for the payment of service tax in respect of certain taxable services. the present write up tries to make an investigative study of this new scheme. The Liability To pay service Tax: my custom progadgets
RCM under GST on Security, Residential Rent Service, etc
WebJun 21, 2024 · The querist has not paid Service Tax on reverse charge on the royalty paid to the state government. Now, the department has issued SCN demanding ST on RCM on … WebEssentially, RCM is a way for the government to ensure that taxes are paid by the end consumer, even if the supplier or service provider is not able to pay them. Under the RCM … WebMay 30, 2024 · Intellectual Property Rights Taxability Under GST Laws. In this article, an attempt has been made to explain the taxability of Intellectual Property Rights (hereinafter called IPR) on the touchstone of Goods & Service Tax Act, 2024 (hereinafter called the Act), with the help of cases of Hon’ble High Courts and Hon’ble Tribunal both pertaining to pre … office of the heomd aa