RCM under GST

Income From Other Sources

Apr 22, 2023AccstraGST Blocked Credits, Income from Other Sources, MCA Filing, RCM under GST

Basis of Charge Deductions Expenses not Deductible Section 56 Income chargeable to tax under the head “Income from other sources” shall include following: Dividends Income by way of winnings from lotteries, crossword puzzles, races including horse races, card games, gambling or betting of any form or nature whatsoever Any sum received by an employer from…

RCM under GST

Jan 10, 2023AccstraRCM under GST, UncategorizedCompliance, Director Partnership, MCA, partnership, Private Limited

Introduction. Flow of GST. Reverse Charge. Liability to Pay under RCM Time of Supply of Services under Reverse Charge. Input Tax Credit Introduction : Under GST, usually the supplier of goods or services has to pay the tax to the Government. However, under the Reverse Charge Mechanism, the liability to pay GST is cast on…