Gyansagars

R everse Charge Under GST on Services & Renting of Immovable Property :    There is grand confusion regarding GST on Services under RCM & GST on Renting of Immovable Property.    Let's Clarify. Schedule II of Section 7 of CGST gives the list of activities that will be treated as supply of goods or supply of services  Subsection 4 of Section 9 of CGST states that "The central tax in respect of the supply of taxable goods or services or both by a supplier, who is not registered, to a registered person shall be paid by such person on reverse charge basis as the recipient 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."  Subsection 3 of Section 9 of CGST gives power to Government, on recommendation of council to notify goods or services or both, the tax on which shall be paid on r...

GST - Place of Supply Mr.A: Good Day Sir, how are you? CA: Hi Mr. A, I am doing fine, how about you? Mr A: I am doing fine. Recently I am hearing many discussions about the place of supply. Can you please elaborate how place of supply is important in GST? CA: Mr. A, as we have discussed earlier, GST is a destination/consumption based taxation process. So, determination of place of supply will help dealer to ascertain whether it is an intra-state or interstate sale. Hence, it is very important to determine the place of supply so the taxes can be charged accordingly and transferred to ultimate destination/state/ UT. Mr. A: Ok, so if I am raising a bill to client then obviously his address will be place of supply. Then why is the confusion is there in market? CA: Ha ha, Mr A. You are right but there are several cases where transactions are not so straight forward and hence there is confusion among dealers related to determination of place of supply for those transactio...