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Reverse charge under GTS

srinivas (Asst.Manager) (100 Points)

20 June 2017

can u explain which goods and services coming under GTA

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9 Replies

srinivas (Asst.Manager) (100 Points)
Replied 20 June 2017

reverse charge under GST

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CA Saloni (Manager-Accounts & GST Consultant) (5124 Points)
Replied 20 June 2017

Any supply of goods received from unregd person by a regd person will be covered under Reverse charge.

For services, refer to list available on CBEC

PRABIR PAUL (*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.) (1448 Points)
Replied 20 June 2017

Please give the defination of Goods and Services under GST..

CA Saloni (Manager-Accounts & GST Consultant) (5124 Points)
Replied 20 June 2017

Sec 2 (52) of CGST Act -“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 or supply.

Sec 2 (102) “services” means anything other than goods, money and securities but
includes activities relating to the use of money or its conversion by cash or by any
other mode, from one form, currency or denomination, to another form, currency or
denomination for which a separate consideration is charged;

PRABIR PAUL (*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.) (1448 Points)
Replied 20 June 2017

Do you believe reverse charge is applicable all type of general expenses like tea purchase, stattionery, Conveyance etc?

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RAMESH D MODI (Proprietor) (4869 Points)
Replied 20 June 2017

ohh! really?

CS Nisha Nishit (Practicing Company Secretary) (326 Points)
Replied 20 June 2017

Prabir ,

i have given my reply on RCM in previous thread. I am again reproducing the same in this thread too :

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.