dear all
inform me about reverce charge applicable or not after 1-2-19. except legal and transportation exp
Reverse Charge Mechanism Under Section 9(4) of CGST/SGST Act :- under this section only specific person under GST act are liable to pay GST under reverse charge mechanism on some specific goods or services or both receipt from the unregistered supplier. IT is not applicable now.
List of the Services Notified for Reverse Charge under section 9(3) of CGST Act, which is in force at present::
| S No | Descripttion of supply of Service | Supplier of service | Recipient of service |
| 1 | Any service supplied by any person who is located in a non-taxable territory to any person other than nontaxable online recipient. | Any person located in a non-taxable territory | Any person located in the taxable territory other than nontaxable online recipient. |
| 2 | GTA Services | Goods Transport Agency (GTA) who has not paid integrated tax at the rate of 12% | Any factory, society, cooperative society, registered person, body corporate, partnership firm, casual taxable person; located in the taxable territory |
| 3 | Legal Services by advocate | An individual advocate including a senior advocate or firm of advocates | Any business entity located in the taxable territory |
| 4 | Services supplied by an arbitral tribunal to a business entity | An arbitral Tribunal | Any business entity located in the taxable territory |
| 5 | Services provided by way of sponsorship to any body corporate or partnership firm | Any person | Any body corporate or partnership firm located in the taxable territory |
| 6 | Services supplied by the Central Government, State Government, Union territory or local authority to a business entity excluding, – (1) renting of immovable property, and (2) services specified below- (i)services by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than Central Government, State Government or Union territory or local authority;
(ii) services in relation to an aircraft or a vessel, inside or outside the precincts of a port oran airport (iii) transport of goods or passengers. |
Central Government, State Government, Union territory or local authority | Any business entity located in the taxable territory |
| 6A | Services supplied by the Central Government, State Government, Union territory or local authority by way of renting of immovable property to a person registered under the Central Goods and Services Tax Act, 2017 (12 of 2017).
** Added with effect from 25.01.2018 |
Central Government, State Government, Union territory or local authority |
Any person registered under the Central Goods and Services Tax Act, 2017 read with clause (v) of section 20 of Integrated Goods and Services Tax Act, 2017. |
| 7 | Services supplied by a director of a company or a body corporate to the said company or the body corporate | A director of a company or a body corporate | The company or a body corporate located in the taxable territory |
| 8 | Services supplied by an insurance agent to any person carrying on insurance business | An insurance Agent | Any person carrying on insurance business, located in the taxable territory |
| 9 | Services supplied by a recovery agent to a banking company or a financial institution or a non banking financial company | A recovery Agent | A banking company or a financial institution or a non banking financial company, located in the taxable territory |
| 10 | Services supplied by a person located in non- taxable territory by way of transportation of goods by a vessel from a place outside India up to the customs station of clearance in India | A person located in non-taxable territory | Importer, as defined in clause (26) of section 2 of the Customs Act, 1962 (52 of 1962), located in the taxable territory |
| 11 | Supply of services by an author, music composer, photographer, artist or the like by way of transfer or permitting the use or enjoyment of a copyright covered under section 13(1) (a) of the Copyright Act, 1957 relating to original literary, dramatic, musical or artistic works to a publisher, music company, producer or the like | Author or music composer, photograph her, artist, or the like | Publisher, music company, producer or the like, located in the taxable territory |
| 12 | Supply of services by the members of Overseeing Committee to Reserve Bank of India | Members of Overseeing Committee constituted by the Reserve Bank of India | Reserve Bank of India. |
CAclubindia
