reverse charge

4. Inward supplies on which tax is to be paid on reverse charge

Certain goods and services attract reverse charge, i.e., the buyer is liable to pay GST. A registered dealer purchasing more than Rs. 5,000 per day from an unregistered dealer is liable to pay reverse charge.

All purchases on which reverse charge applies, will be reported in this part.(of GSTR 2)

4A.  Under this head, all purchases on which reverse charge specifically applies by law must be mentioned. For example, purchasing cashew nuts from an agriculturist.

4B. This head will list the purchases from unregistered dealer which exceed Rs. 5,000 per day from an unregistered dealer.

Read More ::: gstr2

Vide Section 5(3) of Integrated Goods and Services Tax Act, 2017, the Government on recommendations of council may specify categories of supply of goods or services or both wherein tax shall be paid under reverse charge.

Government has issued the list of goods vide  4/2017 - Integrated Tax (Rate) dated 28th June, 2017 & services vide 10/2017- Integrated Tax (Rate) dated 28th June, 2017 on which reverse charge will be applicable.

For the list refer: gst/reverse-charge-mechanism

In addition to above, if a registered person receives goods/ services having value more than ₹ 5000/- per day from unregistered persons (may be one or more), then such registered person will be liable to pay tax under reverse charge as per the provision of section 5(4) of Integrated Goods and Services Tax Act, 2017.

BUT....In respect to this, no notification has been issued under IGST Law till the date.

Dear Dhiraj Sir,

How to raise self invoice  by receipient when the time of purchases made from urd ?

How to pass tax liability entries under rcm ?

Where the  entries will reflect either gstr-1 or gstr-2 ?

@ Pavan Kumar  ::  watch youtu.be/9Myx8rN2tt4

Dear Sir.,

I'm doing consulting works in own office. But, income is less than 3l. Also I'm going to Part time Job as Accounts Excutive ast Four months.

But, I registered under GST in Agust...

My Questions are.,

How to I deal my Salary...? Can I get it as Salary head...? or It's applicable GST...?

Please advice...

Thanks in advance...

"I registered under GST in August... as tax payer or tax practitioner!!"

"Can I get it as Salary head...? or It's applicable GST...?"

Depends upon salary slip......... TDS deduction section.......  contract/appointment letter terms.......

1. As Tax payer...

2. No salary slip and Appointment letter. Just part time accountant...

Part time.......... It can be job based on fixed timing/ fix salary/ under control of employer etc.....

But all opposite conditions imply consultation....... liable for GST......

Thanks Dhiraj Sir,

Most Welcome

@ P M RAJA........ The conditions establishes Employer-Employee relationship............ No GST applicable