revese charge

168 views 4 replies

Rekha Sharma

95 Points Joined June 2017

plz sir give me details reverse charge

Replies (4)

Pankaj Rawat

GST Practitioner

55062 Points Joined June 2017

Kindly refer Notification 13/2017 CT (R).
As on today RCM is applicable only on the services fall under 9(3) , ie, GTA, Advocate, insurance agent to insurance co. , recovery agent to bank, Payment to parties director of co. etc
As per notification 43/2017(r) , Raw cotton purchase from aggriculurist

Pranjali

intern

2216 Points Joined June 2018

Reverse charge is a mechanism to increase tax revenues. Here the supplier is liable to collect tax on goods and services. Now when this person becomes liable to pay taxes under reverse charge, he can avail input credit charges.

Pankaj Rawat

GST Practitioner

55062 Points Joined June 2017

Reverse charge is a mechanism where the recipient of the goods and/or services is liable to pay GST instead of the supplier.

And the GST deposited by recipient on RCM can be claim as ITC . There 2 sections which define RCM on goods & services
1. Section 9(4) : purchase from URD, but this section being deferred till 30/9/2019
2. Secrion 9(3): Services eing define by notification (As mention by me)

Vinod Babu

24196 Points Joined May 2018

Provision of section 9(4)- liability of GST under reverse charge on inward supply from unregistered has only been deffered till 30th Sep 2019.
but Services covered under section 9(3) ie GTA, Advocate Services when avail , the RCM has to be done .