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The CESTAT, Ahmedabad in the case of Utility Labour Suppliers held that demand of service tax cannot be raised when the tax liability has already been discharged under RCM.
Traders and shopkeepers across Tamil Nadu went on a strike on Friday to register their protest against the 18 per cent GST for rent on commercial buildings.
CBIC replied to Shri Kodikunnil Suresh Ji, Hon’ble Member of Parliament (LS), New Delhi regarding the withdrawal of GST imposition on rent for commercial properties under RCM.
The Hon’ble Kerala High Court in the case of M/s.Manappuram Finance Ltd. wherein, M/s Manappuram Finance Ltd. (“the Petitioner”) was served the SCN demanding the GST on the RCM for the services provided by the Managing Director concerning personal guarantee loans taken by the Petitioner and the GST payable for the services for extending the loans by the Petitioner to its subsidiary company.
onlinetaxupdate is conducting webinar by CA Saradha Hariharan on topic Intricacies in RCM Compliance w.r.t Recent Amendment & Overview of Invoice Management System (IMS) on 14.11.24 at 2pm
The Central Board of Indirect Taxes and Customs (CBIC) has introduced Rule 47A via Notification No. 20/2024 – Central Tax, which will come into effect from November 1, 2024. This new rule introduces a 30-day time limit for issuing tax invoices in cases where recipients are liable to pay tax under the Reverse Charge Mechanism (RCM).
Goods & Services Tax (GST) on corporate-guarantee from overseas group entity payable only one-time, not periodically, Rajasthan’s Authority for Advance Ruling (RAAR) has held. Experts say though the ruling is in line with the Circular, it poses the challenge of paying the full tax upfront for the entire duration of the guarantee.
CBIC issued Notification no. 09/2024-Central Tax (Rate) dated 08.10.2024 that Seeks to amend Notification No 13/2017-Central Tax (Rate) dated 28.06.2017
CBIC issued Notification no. 06/2024-Central Tax (Rate) dated 08.10.2024 to make further amendment in the RCM notification no. 04/2017-Central Tax (Rate) dated 28.06.2017.
onlinetaxupdate is conducting a webinar on Topic: “All about Reverse Charge Mechanism (RCM) in GST ” by Faculty Mr. Ganesamoorthi
