Tag archives for reverse charge mechanism
Treatment of Priority Sector Lending Certificate under GST
Priority Sector Lending Certificate under GST have been subjected to Reverse Charge Mechanism, but first let's understand what is the concept of PSLC. What is Priority Sector Lending Certificate? As per…
Raw cotton now taxable under reverse charge
Section 9(3) of CGST act provides that the specified goods and services shall be chargeable under reverse charge. Notification Central Tax (Rate) specifies the list of such goods. The Notification…
RCM applicability on legal services challenged in Delhi high court
In an order to the petition raised by Mittal Delhi high court has asked Central and State governments to clarify that whether all the legal services provided by the firm…
Further clarification on tax in reverse charge on gold ornaments
Further clarification on tax in reverse charge on gold ornaments; Sale of old jewellery by an individual to a jeweller will not make the jeweller liable to pay tax under…