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

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 https://www.taxtmi.com/circulars?id=68418 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. en-us Fri, 27 Sep 2019 00:00:00 +0530 Thu, 03 Apr 2025 17:40:00 +0530 TaxTMI RSS Generator 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 https://www.taxtmi.com/circulars?id=68418 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. Circulars GST - States Fri, 27 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68418