WebGST. 5. To sum up, the activity of transfer of ‘tenancy rights’ is squarely covered under the scope of supply and taxable per-se. Transfer of tenancy rights to a new tenant against consideration in the form of tenancy premium is taxable. However, renting of residential dwelling for use as a WebJul 19, 2024 · Supplies that have a declared rate of 0% GST. Example: Salt, grains, jaggery etc. Exempt. Supplies are taxable but do not attract GST and for which ITC cannot be claimed. Example: Fresh milk, Fresh fruits, Curd, Bread etc. Non-GST. These supplies do not come under the purview of GST law.

GST ADVANCE RULING

WebApr 8, 2024 · What is Input Tax Credit as per CGST Act?. From the combined reading of sections 2(62) and 2(63) we understand that tax paid in the form of CGST, SGST\UTGST, IGST for procurement of goods or services by a registered person including GST paid under RCM method for import and inward supplies will be called as Input Tax Credit. WebJun 28, 2024 · As per section 2 (98) of CGST Act 2024, “Reverse-Charge” means the liability to pay tax by the recipient of the supply of goods or services or both instead of the supplier of such goods or services or both. Under sub-section (3) or sub-section (4) of section 9, or. Under sub-section (3) or subsection (4) of section 5 of the Integrated Goods ... horn wuppertal

RCM on Rent a Cab GST Doctor

Web29 rows · Apr 27, 2024 · 10 (a) RCM on GTA services not applicable if GTA opts to pay the tax on forwards charge @ 12%. 11. Legal Services of the advocate. An individual advocate … WebMar 14, 2024 · Recipient shall be eligible to avail the ITC of GST paid under RCM if used for outward taxable supply. III. GST Rate on Renting of Motor Vehicle services (The below … WebIs RCM on office rent applicable? 1) If your owner is unregistered, then you have to pay GST on Rs. 8015 to the Government and claim ITC. 2) If your owner is registered, then you will … hornyhead chub scientific name