Reverse charge mechanism
This query is : Open
04 June 2018
Schenario - A is a TRUSTEE of a Trust and paid Rs. 30,000/- to an advocate (legal fee) on behalf of the trust.
Question - Does A (TRUSTEE) need to pay GST under RCM on the above transaction ?
Question - Does A (TRUSTEE) need to pay GST under RCM on the above transaction ?
04 June 2018
Whos name the bill was issued?
RCM liability is based on the tax invoice (person liable to pay the consideration). The consideration can be paid by third party as well.
if the invoice is in the name of trust then trust is liable to pay tax under RCM.
RCM liability is based on the tax invoice (person liable to pay the consideration). The consideration can be paid by third party as well.
if the invoice is in the name of trust then trust is liable to pay tax under RCM.
05 June 2018
Thank you for the quick reply....The bill was raised in the name of TRUSTEE (Regular GST Registered).
My understanding....Since the TRUST is not registered under GST, the RCM concept won't raise in the above payment....Please correct me....
My understanding....Since the TRUST is not registered under GST, the RCM concept won't raise in the above payment....Please correct me....
15 June 2018
No... If Trustee not registered under GST then RCM not applicable to Trustee...
Also the service will be treat exempted supply.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Import license renewal
- Inventory of finished goods
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
