Telangana GST Act, 2017 – Dealers under Industrial Incentive Scheme (T-IDEA Incentive Scheme, 2014) – Purchasing cotton from farmers and paying tax under reverse charge mechanism – Request for clarification whether tax paid under RCM is eligible for certification in Form A
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Reverse charge tax exclusion: RCM-paid GST on cotton excluded from Form A industrial incentive certification. Tax paid under the reverse charge mechanism on cotton purchases cannot be included in Form A certification for the T IDEA industrial incentive. Net SGST for certification purposes comprises SGST actually paid by the taxpayer; RCM amounts are excluded because the taxpayer claims Input Tax Credit for those payments.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Reverse charge tax exclusion: RCM-paid GST on cotton excluded from Form A industrial incentive certification.
Tax paid under the reverse charge mechanism on cotton purchases cannot be included in Form A certification for the T IDEA industrial incentive. Net SGST for certification purposes comprises SGST actually paid by the taxpayer; RCM amounts are excluded because the taxpayer claims Input Tax Credit for those payments.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.