Tag «Good and Service Tax»
Reverse Charge Mechanism in GST
Reverse Charge Mechanism in GST Hello Readers! In this article, we will understand the Basis Concept of Reverse Charge Mechanise in GST. As we aware that generally supplier is liable to collect and deposit the tax to Government. However, under the Reverse Charge Mechanism Recipient of supply of Goods or Services is liable to pay …
Reminder Chart for Statutory Due Dates
GST SAC Code List
GST SAC Code List GST SAC Code List – NEW SCHEME OF CLASSIFICATION OF SERVICES Heading & Group Service Code (Tariff) Service Description Construction Services Heading No.9954 Construction services Group 99541 Construction services of buildings 995411 Construction services of single dwelling or multi dewlling or multi-storied residential buildings 995412 Construction services …
How to determine place of supply of Goods under IGST
Determining place of supply for Goods other than import and Export. GST is “Destination based consumption tax”. Revenue will be accrue to the state in which the consumption take place. Section 10 of IGST Law deal with determining place of supply for Goods other than supply of goods imported into or exported from India. In …