11 April 2019
No RCM will be applicable to only those specified class of persons notified and that also to only those specified categories of goods or services or both procured by such persons from an unregistered person. It will not be applicable to all the registered persons .
11 April 2019
There are two type of reverse charge scenarios provided in GST law.
First category is dependent on the nature of supply and/or nature of supplier. The first scenario is covered by section 9 (3) of the CGST/ SGST (UTGST) Act and section 5 (3) of the IGST Act.
There are 10 services like GTA, Individual Advocate etc ( Refer 9(3) of CGST Act
Second category is covered by section 9 (4) of the CGST/SGST (UTGST) Act and section 5 (4) of the IGST Act where taxable supplies by any unregistered person to a registered person is covered by Notification No. 07/2019- Central Tax (Rate)
So far only one Notification No. 07/2019- Central Tax (Rate) dt 29th March, 2019has been issued related to real estate sector under sec 9(4)
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