RESPECTED MY QUESTION IS WHICH WILL EXPENSES WILL COME UNDER REVERSE CHARGE AND ON WHICH EXPENSES WILL GET INPUT UNDER REVESES CHARGE
MADDIRALA SUNIL KUMAR (ACCOUNTANT) (27 Points)
30 June 2017RESPECTED MY QUESTION IS WHICH WILL EXPENSES WILL COME UNDER REVERSE CHARGE AND ON WHICH EXPENSES WILL GET INPUT UNDER REVESES CHARGE
Vipul Maheshwari
(Goods and Services Tax Consultant)
(208 Points)
Replied 30 June 2017
1) Any purchases by registered supplier from unregistered supplier are taxed under reverse charge section 9(4) of CGST Act,2017.
2) For services there is list of 12 items you can check under tariif
3) Input tax credit of GST paid under reverse charge is allowed except blocked credit under section 17(5) of CGST Act,2017
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