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Exemptions

Trex Gaming_67 (243 Points)

23 December 2018

Is Intra-state supplies received by a registered person from any unregistered supplier exempt from GST?

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Himanshu Kalra (13 Points)
Replied 23 December 2018

Yes, for the time being RCM implication on supply from unregistered to registered has been waived off.

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Trex Gaming_67 (243 Points)
Replied 23 December 2018

Rcm? What does it mean

Himanshu Kalra (13 Points)
Replied 23 December 2018

Generally in indirect taxation, the taxes from customers/ recipient are collected and paid to the govt by supplier, however in few cases the burden has been shifted to recipient to deposit the tax to govt. It is called Reverse Charge Mechanism.

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Trex Gaming_67 (243 Points)
Replied 24 December 2018

Ok. Thank you for clarification

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