Generally the supplier of goods or services is liable to pay GST. However, in specified case the liability may be cast on the recipient under the reverse charge mechanism (RCM). Find and state in which out of the followi
CS Executive · Tax Laws · PYQS · December 2021
Generally the supplier of goods or services is liable to pay GST. However, in specified case the liability may be cast on the recipient under the reverse charge mechanism (RCM). Find and state in which out of the following cases the GST is payable by the recipient of services under RCM: (i) Services provided by way of sponsorship to MNO Ltd (ii) Services given by Y Ltd to Ram through its director (iii) Services by department of Posts by way of speed post to ABC Ltd (iv) Services provided by a recovery agent to IGB Bank Ltd
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: GST
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