As per the notification 12/2017 services by Central, state or union territory or local authority to a business entity excluding few services is exempt in gst
As per notification 13/2017 services provided by Central, state or union territory or local authority to a business entity excluding few services , RCM is applicable..
can anyone explain difference in above 2 with some example?
Dear,
As per above two notification, Law maker want to say that which government service is taxable under GST Law, RCM will be applicable amongst those services as specified.
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1-Post office Services (except postcard, Inland card, Ordinary post), Vessel & Air craft Services, Transportation services are taxable services under NCM
2- Renting of residential Property - B2B transactions - Taxable under RCM
3- Renting of other than residential Property - B2B transactions - Taxable under RCM
-Renting of other than residential Property - B2C transactions - Taxable under NCM
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