13 May 2017
hello everyone I want know what is the revers charge mechanism according to the updated and new GST law?
also can you provide me the GST invoice format?
14 May 2017
See the link for invoice format. https://finappfiles.files.wordpress.com/2016/11/gst-invoice.pdf Situations where reverse charge will apply 1. Unregistered dealer selling to a registered dealer
In such a case, the registered dealer has to pay GST on the supply.
2. Services through an e-commerce operator
If an e-commerce operator supplies services then reverse charge will apply on the e-commerce operator. He will be liable to pay GST.
For example, UrbanClap provides services of plumbers, electricians, teachers, beauticians etc. UrbanClap is liable to pay GST and collect it from the customers instead of the registered service providers.
If the e-commerce operator does not have does not have a physical presence in the taxable territory, then a person representing such electronic commerce operator for any purpose will be liable to pay tax. If there is no representative, the operator will appoint a representative who will be held liable to pay GST.
3 Import of services and goods.
4. Other categories of supplies applicable for reverse charge will be notified by the Centre or State Government.
15 May 2017
on 18 may the CG will declare list of rates of GST on goods and supplies.
is it right??
than it will also declare more information about the reverse charge mechanism
by the way
THANK YOU SIR
CAclubindia
