Reverse charge
Cakunal Maru (3 Points)
20 June 2017
Service obtained from any person whos turnover less then 20 lakh, reverse charge gst applicable?
14 Replies
CS Nisha Nishit
(Practicing Company Secretary)
(326 Points)
Replied 20 June 2017
Services recieved by any Registered Person from unregistered person , reverse Charge GST will be applicable
shivam agrawal
(article)
(66 Points)
Replied 20 June 2017
No , Gst shall be applicable on some specified services as notified by govt. RCM services covered under ST. shall be applicable mutatis mutandis in Gst.
CS Nisha Nishit
(Practicing Company Secretary)
(326 Points)
Replied 20 June 2017
Shivam, RCM will applicabe if Registered Persons is obtaining services or goods from unregistered person as per Section 9(4) of GST Act.
shivam agrawal
(article)
(66 Points)
Replied 20 June 2017
Yes, but its limited to some category of person
CS Nisha Nishit
(Practicing Company Secretary)
(326 Points)
Replied 20 June 2017
| Originally posted by : shivam agrawal | ||
 |
but not received from ANY PERSON |  |
The central tax in respect of the supply of taxable goods or services or both by a supplier, who is not registered, to a registered person shall be paid by such person on reverse charge basis as the recipient and all the provisions of this Act shall apply to such recipient as if he is the person liable for paying the tax in relation to the supply of such goods or services or both.
Please refer the section
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 20 June 2017
Ms, Nisha,
Can you please here give a defination of meaning of Good and Services under GST?
shivam agrawal
(article)
(66 Points)
Replied 20 June 2017
Nisha g
there are two things where Rcm shall applicable
1 As notified by council in 14 th meeting
2 A sitaution where goods and services flow from UNREG. TO REG.
there are two things where Rcm shall applicable
1 As notified by council in 14 th meeting
2 A sitaution where goods and services flow from UNREG. TO REG.
shivam agrawal
(article)
(66 Points)
Replied 20 June 2017
Nisha g
there are two things where Rcm shall applicable
1 As notified by council in 14 th meeting
2 A sitaution where goods and services flow from UNREG. TO REG.
there are two things where Rcm shall applicable
1 As notified by council in 14 th meeting
2 A sitaution where goods and services flow from UNREG. TO REG.
shivam agrawal
(article)
(66 Points)
Replied 20 June 2017
Nisha g
there are two things where Rcm shall applicable
1 As notified by council in 14 th meeting
2 A sitaution where goods and services flow from UNREG. TO REG.
there are two things where Rcm shall applicable
1 As notified by council in 14 th meeting
2 A sitaution where goods and services flow from UNREG. TO REG.
CS Nisha Nishit
(Practicing Company Secretary)
(326 Points)
Replied 20 June 2017
Under RCM, it is said supply of taxable goods or services on which GST is leviable.
Goods means every kind of movable property other than money and
securities but includes actionable claim, growing crops, grass and things attached to
or forming part of the land which are agreed to be severed before supply or under a
contract of supply;
Can be interpreted as Goods which will be supplied or agreed to be supplied on contract will be considered as goods under GST. Therefore, RCM will not be applicable on self-consumed goods.
CS Nisha Nishit
(Practicing Company Secretary)
(326 Points)
Replied 20 June 2017
Under RCM, it is said supply of taxable goods or services on which GST is leviable.
Goods means every kind of movable property other than money and
securities but includes actionable claim, growing crops, grass and things attached to
or forming part of the land which are agreed to be severed before supply or under a
contract of supply;
Can be interpreted as Goods which will be supplied or agreed to be supplied on contract will be considered as goods under GST. Therefore, RCM will not be applicable on self-consumed goods.
Recent Topics
- SOLD TALLY SOFTWARE TO OUTSIDE OF INDIA.
- Amy flemming bomber jacket
- ROTATION OF STATUTORY AUDITORS
- GSTR9 - ITC reversed & reclaimed - current yea
- Unbranded sweets rate of tax
- STCG+LTCG tax payment
- Taxation of interest free loan availed by firm
- How to pay TDS default payment
- Conditions to claim ITC
- Response to Confirm or Revise claim of refund
Related Threads
Trending Online Classes
-
6 days Certification Course on GST Practical Return Filing Process
CA Pratibha Goyal16 December 2024
CAclubindia
