Reverse Charge Mechanism

Invoicing and payment voucher for RCM Supply under GST Regime

Goods and Services Tax - In current environment there is a big ambiguity regarding when we are need to issue tax invoice  for the taxable supply received from  unregistered supplier specified in  u/s 9(3) and 9 (4) of CGST Act and  at what point of timing we are need to issue payment voucher....

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Date of Exemption from GST Payment on supplies from unregistered persons

Goods and Services Tax - Section 9(4) of the CGST Act, 2017 requires payment of Central Tax in respect of 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. The statutory provision of Section 9(4) of the CGST Act, 2017 is reproduced below:-...

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FAQs on RCM Suspension, GST on advances, TDS Regime, Refusal by GTA to Transport Goods

Goods and Services Tax - No, reverse charge is being suspended only for purchases made by registered persons from unregistered persons. Reverse charge liability as notified under section 9(3) of the CGST Act, 2017, will continue to be applicable....

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Confusion around applicability of RCM U/S 9(4) Suspension date

Goods and Services Tax - THERE IS CONFUSION EFFECTIVE DATE OF NOTIFICATION No.38/2017 DT.13/10/2017. ALTHOUGH CLEARED BY TWEET OF GSTN - FURTHER CLARIFICATION...

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Partial but Great Relief under Reverse Charge Mechanism

Goods and Services Tax - Reverse Charge Mechanism which proved to be most Draconian provision has been now relaxed, of course temporarily till 31st March’ 2018, as per the decision taken at 22nd HST Council meeting on 6th Oct’2017...

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UTGST: Reverse charge on certain specified supplies of goods

Notification No. 4/2017-Union Territory Tax (Rate) - (28/06/2017) - Central Govt notifies goods in respect of which the Union territory tax shall be paid on reverse charge basis by the recipient of the intra-state supply of such goods...

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Liability to pay tax on services by arbitral tribunal & its members

Circular No.193/03/2016-Service Tax - (18/05/2016) - Service Tax liability for services provided by an arbitral tribunal (including the individual arbitrators of the tribunal) shall be on the service recipient if it is a business entity located in the taxable territory with a turnover exceeding rupees ten lakh in the preceding financial year....

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Recent Posts in "Reverse Charge Mechanism"

Invoicing and payment voucher for RCM Supply under GST Regime

In current environment there is a big ambiguity regarding when we are need to issue tax invoice  for the taxable supply received from  unregistered supplier specified in  u/s 9(3) and 9 (4) of CGST Act and  at what point of timing we are need to issue payment voucher....

Read More

Date of Exemption from GST Payment on supplies from unregistered persons

Section 9(4) of the CGST Act, 2017 requires payment of Central Tax in respect of 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. The statutory provision of Section 9(4) of the CGST Act, 2017 is reproduced below:-...

Read More

FAQs on RCM Suspension, GST on advances, TDS Regime, Refusal by GTA to Transport Goods

No, reverse charge is being suspended only for purchases made by registered persons from unregistered persons. Reverse charge liability as notified under section 9(3) of the CGST Act, 2017, will continue to be applicable....

Read More

Confusion around applicability of RCM U/S 9(4) Suspension date

THERE IS CONFUSION EFFECTIVE DATE OF NOTIFICATION No.38/2017 DT.13/10/2017. ALTHOUGH CLEARED BY TWEET OF GSTN - FURTHER CLARIFICATION...

Read More

Partial but Great Relief under Reverse Charge Mechanism

Reverse Charge Mechanism which proved to be most Draconian provision has been now relaxed, of course temporarily till 31st March’ 2018, as per the decision taken at 22nd HST Council meeting on 6th Oct’2017...

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Registration – Reverse Charge Mechanism – GST Taxes

Reverse charge means the liability to pay tax by a person receiving goods or services or both. In the normal circumstances the seller ( supplier ) would be paying sales tax to the Government on the goods sold or services supplied....

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Concept of Reverse Charge under GST

The levy of tax on supply of goods and / or services can be grouped under three categories :- (i) in the hands of the supplier or (ii) in the hands of the recipient of goods / services under reverse charge mechanism and, (iii) in case of specified services, in the hands of electronic commerce […]...

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Reverse Charge Mechanism under GST- A Study

This video can clear all concepts regarding RCM under GST. RCM is powerful tool used by government , which will not only enhance revenue of government but also help in catch tax payers who are not comply GST provisions. you can also watch my video in hindi on this topic . visit tAX sATHI channel on you tube....

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Issues from Mandatory Registration U/s. 9(3) for Reverse Charge purpose: ICAI Suggestions

Section 9(3) of the CGST Act, 2017 provides that the Government may, on the recommendations of the Council, by notification, specify categories of supply of goods or services or both, the tax on which shall be paid by the recipient on reverse charge basis....

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Increase RCM limit to Rs. 10000 per day and defer RCM for MSE: ICAI

(i) Reverse charge compliances U/s 9(4) be deferred for the MSE Sector having turnover of less than Rs. 2 Crore in a year / not subject to audit under U/s 35 of CGST Act, 2017 (ii) Reverse charge mechanism U/s 9(4) be liable to paid at a uniform rate say @ 18% only instead of HSN Code wise as credit of the same is available to the assesse...

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