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Exception to RCM

Indirect Taxation

If the service of dept of post given to CG, SG. Then RCM will be applicable?


Shalini Shalu

Shalini Shalu

CMA Inter

300

12-Jul-20 22:26

395

Answers (2)

Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than the Central Government, State Government, Union territory; are not covered under RCM, so for CG,SG are taxable under FCM. Also services like basic mail services post card, book post,registered post, money transfers are covered under exemption.


KEERTHI PRIYA

KEERTHI PRIYA

CA Inter

695

13-Jul-20 14:09

KEERTHI PRIYA

Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than the Central Government, State Government, Union territory; are not covered under RCM, so for CG,SG are taxable under FCM. Also services like basic mail services post card, book post,registered post, money transfers are covered under exemption.

Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than the Central Government, State Government, Union territory; are not covered under RCM, and for CG,SG are not taxable under FCM also as services like Speed post,basic mail services post card, book post,registered post, money transfers are covered under exemption.


KEERTHI PRIYA

KEERTHI PRIYA

CA Inter

695

13-Jul-20 14:24

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