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reverse charge

dheeraj Singh negi (excutive) (57 Points)

10 August 2017

whether reverse charge applicable on MRP products...

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8 Replies

Chhatra Singh Dugar (1464 Points)
Replied 10 August 2017

It is immaterial. MRP products had no barring on RCM. Mainly if a RD receives supply from URD and total URD purchases exceed 5000/ a day then RD will pay GST on Bea
half of URD .
There is a list issued by CBEC of 12 categories of supplies. on which GST is to be paid by recipient

C A kailash vyas (propritor) (48 Points)
Replied 10 August 2017

correct agree with chatra

dheeraj Singh negi (excutive) (57 Points)
Replied 10 August 2017

no sir, I am saying if I am purchasing a bottle of coak from unregistered dealer...and my 5000 limit had crossed so whether we have to deposit reverse charge on coak bottel...and we alrea

dheeraj Singh negi (excutive) (57 Points)
Replied 10 August 2017

we have already paid tax..because MRP of coak include GST amount

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 10 August 2017

Yes you have to pay gst on the amount you have purchased

dheeraj Singh negi (excutive) (57 Points)
Replied 11 August 2017

if we will pay reverse charge on coke bottel then it's cascading effect because we have already paid gst on same..which is included in the MRP

Chhatra Singh Dugar (1464 Points)
Replied 11 August 2017

There is no cascading effect because what we pay ad RCM is available to us as ITC. So pay and claim ITC

dheeraj Singh negi (excutive) (57 Points)
Replied 11 August 2017

the price of coke bottel is RS.35 and GST was included in the same price...if we will pay reverse charge on RS. 35 then we also calculate tax on including GST amount