Tax Management India. Com
                        Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms SMS News Articles
Highlights
D. Forum
What's New

Share:      

        Home        
 
Discussions Forum
Home Forum Goods and Services Tax - GST This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

The rate of GST on Goods Transport agency services under reverse charge mechanism, Goods and Services Tax - GST

Issue Id: - 116042
Dated: 21-2-2020
By:- samiuddin ansari
The rate of GST on Goods Transport agency services under reverse charge mechanism

  • Contents

Sir,

What is rate of GST on Goods Transport Agency services under reverse charge mechanism.milarly, also inform whether security services attracts reverse charge as my friend's firm is a partnership firm engaged in outward supply of frozen fish for export on payment of IGST and thereafter claiming refund of taxes paid on input.

Post Reply

Posts / Replies

Showing Replies 1 to 3 of 3 Records

1 Dated: 21-2-2020
By:- KASTURI SETHI

Security Services have been brought under RCM vide Notification No.29/18-CT(R) dated 31.12.18 effective from 1.1.19. GTA under RCM Rate is 5%. See the conditions.


2 Dated: 21-2-2020
By:- Ganeshan Kalyani

The rate is 5%


3 Dated: 21-2-2020
By:- sarojni singh

“reverse charge” means the liability to pay tax by the recipient of supply of goods or services or both instead of the supplier of such goods or services or both under sub-section (3) or sub-section (4) of section 9, or under sub-section (3) or subsection (4) of section 5 of the Integrated Goods and Services Tax Act;

In exercise of the power conferred by Sec 9(3) & 9(4) of the CGST Act,2017 and Sec 5(3) & 5(4) of the IGST Act,2017 the Government may, on the recommendations of the Council, by notification, specify categories of supply of goods or services or both, the tax on which shall be paid on reverse charge basis by the recipient of such goods or services or both and all the provisions of this Act shall apply to such recipient as if he is the person liable for paying the tax in relation to the supply of such goods or services or both.

Reverse charge – Tax payable by recipient of goods or services or both


1

Post Reply

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||