reverse charge
arpit kumar gupta (arpit) (54 Points)
09 August 2017
what reverse charge and when applicable
2 Replies
RAMESH D MODI
(Proprietor)
(4869 Points)
Replied 09 August 2017
as per section 9(4) RCM IS APPLICABLE WHEN U procured goods or services from unreg. persons. while section 9(3) is applicable when u procured services which is under rcm. U will have to pay tax under rcm at respective rates of goods or services u purchased.
Chhatra Singh Dugar
(1464 Points)
Replied 09 August 2017
Section 9(3) empowers Gov to specify categories. goods or services or both on the recommendation of GST Council on which RCM is to be made applicable.
U/s 9(4) when a RD buys taxable goods from URD or procure specified services then recipient RD needs to pay GST under RCM
In case supply from all suppliers in a day is below rs 5000/ no need to pay GST.
U/s 9(4) when a RD buys taxable goods from URD or procure specified services then recipient RD needs to pay GST under RCM
In case supply from all suppliers in a day is below rs 5000/ no need to pay GST.
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