WebReverse Charge Mechanism under GST is a mechanism under which the usual cycle of tax payment is reversed. In the normal system, the recipient of goods will pay the value of … WebAgainst the 12 per cent rate under the service tax regime, under GST in real estate, presently, housing societies have to levy 18% GST, on the maintenance charges recovered from its members. The housing society …
Know Everything About GST on Annual Maintenance …
WebAug 16, 2024 · In GST, works involving supply of taxable goods along with labour to any moveable property [e.g. servicing of motor vehicle with motor parts, AMC contract for computers or AC machines or generator, repair of furniture, etc) has been referred to as “composite supply” as the supply of goods and labour are naturally bundled and made in ... WebAug 28, 2024 · With the introduction of Goods and Service Tax (GST) in India from July 1, 2024, the word ‘services’ has been defined under Section 2(102) of Central Goods and … monarch population data
Input credit of gst on lift amc - KnowYourGST
WebIn the normal system, the recipient pays the GST to the Supplier who then pays it to the Government but under Reverse Charge, the recipient pays the GST directly to the Government & not via the Supplier. This Mechanism is applicable to certain situations, goods & services specified by the Government. 3. What is Reverse Charge in GST? WebFeb 27, 2024 · Our GST number is updated in the bill and it is available in our gstr2a for that particular month. My question is shall I take the input credit of GST paid on lift AMC. Is … Web2 days ago · Brokerage house Zerodha on Wednesday said it has formed a joint venture with Amazon-backed wealth management firm smallcase to build an asset management company. The capital markets regulator Sebi's approval has already been received for setting up the joint venture. Loaded 0%. "While awaiting the final approval of our AMC … ibby ultimate fitness birmingham