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Reverse charge in out ward supply

sanjeev khandelwal (Tax Consultant) (131 Points)

23 January 2018

any one advice me

whats the meaning of "attract reverse charge in out ward supply " (sale ) in GSTR1

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5 Replies

SAIKUMAR (Student CA Final ) (66 Points)
Replied 23 January 2018

reverse charge means buyer has to pay tax to govt instead of seller

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Mondira Saha (GST) (3925 Points)
Replied 23 January 2018

in gstr 1 supply attract like you are a registered transporter and you file your gstr 1 and you not charge any tax to your client .. then this suppy called supply attarct reverse charge recipient is liable to pay tax on it
when you fill your B2B then you yes option supply attrct RCM

Rekha Sai Teja (Working also) (406 Points)
Replied 24 January 2018

If a vendor who is not registered under GST, supplies goods to a person who is registered under GST, then Reverse Charge would apply. This means that the GST will have to be paid directly by the receiver to the Government instead of the supplier.

The registered dealer who has to pay GST under reverse charge has to do self-invoicing for the purchases made.

For Inter-state purchases the buyer has to pay IGST. For Intra-state purchased CGST and SGST has to be paid under RCM by the purchaser.

Reverse charge is deferred till 31.03.2018

Neeraj Bora (129 Points)
Replied 31 August 2019

GST Registration Procedure in India

Goods & Service Tax is a new taxation system in India which came into effect from July 1, 2017. GST has replaced many Indirect Taxes in India. GST is the sole indirect tax for the entire country which is based on the consumption of goods and services. The rules and regulations, tax rates are governed by the Goods and Service Tax Council which consists of the finance ministers of Centre and all the states. Goods & Service Tax rates vary from 0% - 28% depending on the type of service or Nature of Goods Your business is selling. The new GST registration process in India should be followed for GST registration procedure. The help of professionals can be taken for GST services.

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Ritika Verma (12 Points)
Replied 17 May 2021

The reverse charge mechanism (RCM) is applicable for specific services notified under the GST Act. Under the reverse charge mechanism, the recipient has to pay tax but both the supplier and recipient must report RCM supplies.

We provide a GST Registration, Let us know If you need to register for the same.