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Reverse Charge Mechanism in GST- Purchase form Unregistered Person - GST Ready Reckoner - GSTExtract ..... 19 and Notification No. 07/2019-Integrated Tax (Rate) dated 29th March 2019 Sl. No. Category of supply of goods and services Recipient of goods and services (1) (2) (3) 1 Supply of such goods and services or both [other than services by way of grant of development rights, long term lease of land (against upfront payment in the form of premium, salami, development charges etc.) or FSI (including additional FSI)] which constitute the shortfall from the minimum value of goods or services or both required to be purchased by a promoter for construction of project, in a financial year (or part of the financial year till the date of issuance of completion certificate or first occupation, whichever is earlier) as prescribed in notification No. 11/ ..... x x x x x Extracts x x x x x Reverse Charge Mechanism in GST- Purchase form Unregistered Person - GST Ready Reckoner - GST x x x x x Extracts x x x x x ..... lottees of - buildings or apartments, as the case may be, constructed by such authority or body on lands owned by them or placed at their disposal by the Government; or plots owned by such authority or body or placed at their disposal by the Government, for the purpose of selling all or some of the apartments or plots; or An apex State level co-operative housing finance society and a primary co-operative housing society which constructs apartments or buildings for its Members or in respect of the allottees of such apartments or buildings; or Any other person who acts himself as a builder, coloniser, contractor, developer, estate developer or by any other name or claims to be acting as the holder of a power of attorney from the owner of the ..... x x x x x Extracts x x x x x Reverse Charge Mechanism in GST- Purchase form Unregistered Person - GST Ready Reckoner - GST x x x x x Extracts x x x x x ..... Estate Project (RREP)” shall mean a REP in which the carpet area of the commercial apartments is not more than 15 per cent. of the total carpet area of all the apartments in the REP. (v) “floor space index (FSI)” shall mean the ratio of a building’s total floor area (gross floor area) to the size of the piece of land upon which it is built. Compulsory Registration under GST for Recipient: All persons who are fall above categories of scenario, required to pay tax under reverse charge have to register for GST, irrespective of the threshold limit even if not engaged in the taxable supply. Payment and Input Tax Credit under RCM: - It should be paid by E-cash ledger, cannot be paid by utilizing e-credit ledger. Output ta ..... x x x x x Extracts x x x x x Reverse Charge Mechanism in GST- Purchase form Unregistered Person - GST Ready Reckoner - GST x x x x x Extracts x x x x x
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