Reverse Charge Mechanism

Practical Guide on GSTR 9 on RCM Related issues with Case Studies

Goods and Services Tax - GENERAL INFORMATION Annual Return once filed can not be revised Each Registered dealer who are liable to file GSTR-1 & 3B are liable to file Annual Return, Even Nil Annual return is required to be filed. Liability Can be discharge but ITC can not be claimed through Annual Return. Annual return to be filled on […]...

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Reverse Charge Mechanism in GST Regime with Chart – Updated till date

Goods and Services Tax - The concept of reverse charge mechanism was introduced in erstwhile Service Tax laws. Generally, tax is payable by the person who provides Services but under reverse charge mechanism the liability to pay tax has shifted to recipient of Services. ...

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RCM on Builders and Developers under GST

Goods and Services Tax - Recently notifications were issued in relation to the real estate industry, what are the provisions in relation to applicability of Reverse charge mechanism (RCM) to builders and developers, do they need to pay tax under RCM ?...

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Reverse Charge Mechanism (RCM) under GST

Goods and Services Tax - Concept of Reverse Charge under CGST Act, 2017 & IGST Act, 2017 explained in a lucid manner covering list of Goods & Services covered under RCM ...

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GST Payable under RCM on specified goods & services

Goods and Services Tax - GST Payable on Reverse charge mechanism basis (RCM) on specified goods and services GST is collected and paid by the Seller who is registered under CGST Act if tax is applicable unless GST is payable by the recipient of goods and services on reverse charge mechanism basis as per the provisions of Section 9(3) of […]...

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Implement workable reverse charge mechanism in Phases: ICAI

Goods and Services Tax - ICAI has submitted that the provisions for levy of taxes under the reverse charge mechanism applicable to a registered person, effecting an inward supply from an unregistered person, can be implemented in a phased manner and it also suggested that GST Council / Government may consider amending the law and enhance the knowledge of stakehol...

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GST Registration compulsory for those liable to pay GST under RCM

In re Jalaram Feeds (GST AAR Maharashtra) - In re Jalaram Feeds (GST AAR Maharashtra) Applicant has stated that they require services of Goods Transport Agency like any other business. Applicant being a recipient of supply is liable to pay tax under reverse charge basis and as per Section 9(4) of the Act, all the provisions of this act shall ...

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RCM U/s. 9(4) on transactions effected from 1.7.2017 to 12.10.2017

In re Ms. Famous Studios Ltd. (GST AAR Maharastra) - In re Ms. Famous Studios Ltd. (GST AAR Maharastra) Question:- 1. Whether the exemption from payment of GST on reverse charge basis under section 9(4) of the CGST Act / SGST Act for receipt of supply of goods and / or services by us from an unregistered person is applicable irrespective of any thresh...

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IGST payable on transportation of goods by vessel under RCM

In re M/s. Chambal Fertilizers And Chemicals Limited (GST AAR Rajasthan) - In re M/s Chambal Fertilizers And Chemicals Limited (GST AAR Rajasthan) a. The applicant is liable to pay IGST on transportation of goods by vessel under Reverse Charge Mechanism (RCM) under Notification No. 10/2017- Integrated Tax (Rate) dated 28.06.2017. b. Regarding exclusion of any component of ...

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Recipient of service cannot make advance GST Ruling Application unless covered under RCM

In re Visvesvaraya National Institute Of Technology (GST AAR Maharashtra) - In re Visvesvaraya National Institute Of Technology (GST AAR Maharashtra) We find that in the present application as per submissions made before us, the applicant is recipient of service and not service providers and also that these services are not under reverse charge mechanism. The notification a...

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IGST rate on supply of goods for real estate sector under RCM by unregistered dealer

Notification No. 08/2019- Integrated Tax (Rate) - (29/03/2019) - Notification No. 08/2019- Integrated Tax (Rate)– Seeks to amend notification No. 1/2017- Integrated Tax (Rate) so as to notify IGST rate of certain goods as recommended by Goods and Services Tax Council for real estate.  Government of India Ministry of Finance (Department of Revenue) Notifica...

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IGST: CBIC notifies Services taxable under RCM of real estate sector

Notification No. 05/2019- Integrated Tax (Rate) - (29/03/2019) - Seeks to amend notification No. 10/2017- Integrated Tax (Rate) so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by Goods and Services Tax Council for real estate sector. Government of India Ministry of Finance (Department of Revenue) Notification No. 05/2019-...

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CBIC notifies Services to be taxed under RCM of real estate sector

Notification No. 05/2019- Central Tax (Rate) - (29/03/2019) - Notification No. 05/2019- Central Tax (Rate)– Seeks to amend notification No. 13/2017- Central Tax (Rate) so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by Goods and Services Tax Council for real estate sector. Government of India Ministry of Finance ...

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No RCM on payment of tax U/s. 5(4) of IGST Act, 2017 till 30.09.2019

Notification No. 23/2018 – Integrated Tax (Rate) [G.S.R. 744(E)] - (06/08/2018) - Reverse charge Mechanism (RCM) under section 5(4) of the IGST Act, 2017, for procurement from unregistered dealer’s deferred till 30.09.2019 vide Notification No. 23/2018 – Integrated Tax (Rate) Dated: 6th August, 2018. ...

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No RCM on payment of tax U/s. 7(4) of UTGST Act, 2017 till 30.09.2019

Notification No. 22/2018 –Union Territory Tax (Rate) [G.S.R. 742 (E)] - (06/08/2018) - Reverse charge Mechanism (RCM) under section 7(4) of the UTGST Act, 2017, for procurement from unregistered dealer’s deferred till 30.09.2019 vide Notification No. 22/2018 –Union Territory Tax (Rate) Dated: 6th August, 2018....

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Recent Posts in "Reverse Charge Mechanism"

GST Registration compulsory for those liable to pay GST under RCM

In re Jalaram Feeds (GST AAR Maharashtra)

In re Jalaram Feeds (GST AAR Maharashtra) Applicant has stated that they require services of Goods Transport Agency like any other business. Applicant being a recipient of supply is liable to pay tax under reverse charge basis and as per Section 9(4) of the Act, all the provisions of this act shall apply to such […]...

Read More

Practical Guide on GSTR 9 on RCM Related issues with Case Studies

GENERAL INFORMATION Annual Return once filed can not be revised Each Registered dealer who are liable to file GSTR-1 & 3B are liable to file Annual Return, Even Nil Annual return is required to be filed. Liability Can be discharge but ITC can not be claimed through Annual Return. Annual return to be filled on […]...

Read More

Reverse Charge Mechanism in GST Regime with Chart – Updated till date

The concept of reverse charge mechanism was introduced in erstwhile Service Tax laws. Generally, tax is payable by the person who provides Services but under reverse charge mechanism the liability to pay tax has shifted to recipient of Services. ...

Read More

RCM on Builders and Developers under GST

Recently notifications were issued in relation to the real estate industry, what are the provisions in relation to applicability of Reverse charge mechanism (RCM) to builders and developers, do they need to pay tax under RCM ?...

Read More

Reverse Charge Mechanism (RCM) under GST

Concept of Reverse Charge under CGST Act, 2017 & IGST Act, 2017 explained in a lucid manner covering list of Goods & Services covered under RCM ...

Read More

GST Payable under RCM on specified goods & services

GST Payable on Reverse charge mechanism basis (RCM) on specified goods and services GST is collected and paid by the Seller who is registered under CGST Act if tax is applicable unless GST is payable by the recipient of goods and services on reverse charge mechanism basis as per the provisions of Section 9(3) of […]...

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Overview of Security Service under GST as on 1st April, 2019

The term Security Service is not defined in the CGST Act, 2017. As per general understanding Security service is a service wherein a person supplies security personnel to another person for a consideration. However, in the old regime of Service Tax, the term Security Agency was defined under section Section 65(94) of Finance Act, 1994; wh...

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Reverse Charge Mechanism

What is the RCM (Reverse Charge Mechanism) under GST? Reverse charge is a mechanism under which the recipient of the goods or services is liable to pay the tax instead of the provider of the goods and services. Under the normal taxation regime, the supplier collects the tax from the buyer and deposits the same […]...

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IGST under RCM on Ocean Freight on import of Goods on CIF Basis?

While importing goods in India on CIF (Cost, Insurance & Freight) basis, the supplier / exporter located in the foreign country is liable to engage and bear the cost of transportation of goods, from the respective country up to Indian ports. Hence, for the transportation of the goods, the supplier / exporter avails the services [&hell...

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RCM U/s. 9(4) on transactions effected from 1.7.2017 to 12.10.2017

In re Ms. Famous Studios Ltd. (GST AAR Maharastra)

In re Ms. Famous Studios Ltd. (GST AAR Maharastra) Question:- 1. Whether the exemption from payment of GST on reverse charge basis under section 9(4) of the CGST Act / SGST Act for receipt of supply of goods and / or services by us from an unregistered person is applicable irrespective of any threshold limit […]...

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