Dear Sir,
1. What are the differences between Section 9(3) & Section 9(4).
2. In both the sections, the Tax to be paid by the Recipient only, on Inward Supply of Goods/Services/Both under Reverse Charge Mechanism.
Regards,
R. Marimuthu.
Menu
GST Act Section 9(3) and Section 9(4) reg
Replies (3)
1.
sec 9(3) : RCM applicable based on the said sec also notified it's Goods and Services. You can find out the details of transactions...
***sec 9(4) : It's applicable to registered dealer who is purchased from unregistered dealer then RD will be pay Tax under RCM basis as per goods or Services rate of Tax. (Except sec 9(3) related activities)
2. Yes... In both sec tax payable by recipient...
***sec 9(4) is suspended in current scenario
sec 9(3) : RCM applicable based on the said sec also notified it's Goods and Services. You can find out the details of transactions...
***sec 9(4) : It's applicable to registered dealer who is purchased from unregistered dealer then RD will be pay Tax under RCM basis as per goods or Services rate of Tax. (Except sec 9(3) related activities)
2. Yes... In both sec tax payable by recipient...
***sec 9(4) is suspended in current scenario
section 9(3) services are notifed by the notification 13/2017 CT (r), ie GTA ,Advocates,Director of co., Insurance agent , photographer, music composer Services etc
Notification 43/2017 CT (r) purchase Raw cotton Agriculturist also fall under 9(3)
And
Section 9(4) ,.. notification 8/2017 CT (r) inward supplies from URD
Notification 43/2017 CT (r) purchase Raw cotton Agriculturist also fall under 9(3)
And
Section 9(4) ,.. notification 8/2017 CT (r) inward supplies from URD
Well explained Pankaj sir and Raja sir....
Recent Threads
- Income tax status
- Demand raised for 'Self assessment tax' amount AY2
- TDS payment using Form 26QB when buying property o
- Export sales not realised payment not received fro
- RCM related queries
- Negative Export Value in GSTR 3B
- Income tax intimation -AY 24-25
- Tax Implications of Alumni Union (R) under Society
- Heard & Seen Around – Your Daily Economi
- Purchase and sales of Shares entry in Tally
Related Threads
CAclubindia
