RCM FCM EXEMPT SUPPLY

Question 1

If any factory opts for goods transport services, then what will the GST rate?

Answer 1

1» 12% u/s 9(1) under FCM
2» 5% U/S 9(3 ) under RCM with no ITC

Question 2

If any govt agency registered for the purpose of deducting TDS takes GTA services then state its GST rate.

Answer 2

no gst exempt u/s 11

Question 3

what is entry no 21 u/s 11

Answer 3

goods transport agency

Question 4

If an advocate or firm of advocates provide services to Govt authority, any other advocates or any other person. Is Gst chargeable to the supply of services?

Answer 4

No Gst as it is exempt supply under ENTRY 45

Question 5

If an advocate or firm of advocates provide services to buisness entities. Then Gst chargeable under which model and for how much?

Answer 5

If the aggregate turnover in preceeding FY is >10/20/40 lakhs
Yes - RCM
No - EXEMPT

Question 6

If a SENIOR advocate provides services to govt authorities or any other person then the supply nature is?

Answer 6

Exempted under ENTRY 45

Question 7

If Senior advocate provides services to other advocates or firm of advocates then what is it’s supply model?

Answer 7

If the aggregate turnover in previous FY > 10/20 lakhs
Yes - Taxable RCM
No- Exempt

Question 8

If senior advocate or TRIBUNAL provides services to buisness entities then what is it’s nature of supply

Answer 8

If aggregate turnover of business entities in previous FY is >10/20/40 lakhs
Yes - RCM
No - exempt

Question 9

Services provided by POST OFFICE - speed post express agency buisness life insurance to a Business Entity . Then model of supply?

Answer 9

Forward Charge mechanism where ITC can be taken

Question 10

Govt renting it’s immovable property to buisness entities. State nature of supply

Answer 10

If registered - RCM
If not registered - FCM

Question 11

If govt provides any other services then which model of supply

Answer 11

RCM or subject to exemptions u/s 11

Question 12

Govt providing services in relation to aircraft vessel to a business entity. Which charging of Gst model to follow?

Answer 12

FCM

Question 13

Govt in relation to transportation of goods or passenger. Which charging model

Answer 13

FCM

Question 14

Construction of flat completed and sold before issuance of Completion Certificate. Gst shall be paid on?

Answer 14

Gst shall be payable on the amount of flat sold but no Gst in case of premium or salami or periodical interest to land owner

Question 15

Construction of flat completed and sold after issuance of completion certificate. Gst payable on?

Answer 15

No Gst on the price of flats sold
But Gst on premium salami given in RCM model

Question 16

Body corporate giving director fees to independent director. Who is liable to pay Gst?

Answer 16

Body corporate who is recipients of the services is liable to pay Gst in RCM model

Question 17

In case of insurance company and insurance agent who is liable to pay Gst

Answer 17

The insurance company who is the recipient of services is liable to pay in RCM

Question 18

In case of a singer, artist or like and producer or composer or like. Who is liable to pay Gst ?

Answer 18

The recipient of services are liable to pay ie producer composer or like

Question 19

In what situation a author is liable to pay Gst not the publisher?

Answer 19

Author is liable to pay if author has taken registration, file a declaration to Gst commission and if he shall not withdraw the option within 1 year

Question 20

If a direct selling agent or business facilitor provides services to bank or NBFCs. Who is liable to pay?

Answer 20

The bank or NBFCs is liable to pay

Question 21

Member providing FOREX report to RBI. Who is liable to pay Gst?

Answer 21

RBI in RCM

Question 22

Person liable to pay Gst under renting of motor vehicle @ 5% when?

Answer 22

When the supplier is other than body corporate and recipient is body corporate then Gst payable @5% RCM