Reverse Charge
Suman Roy (104 Points)
08 January 2019
Is reverse Charge applicable in all transaction?
Punit
(Student)
(97 Points)
Replied 08 January 2019
No... its defined for specific scenarios
Please google it. .
Suman Roy
(104 Points)
Replied 08 January 2019
CA Roopa Nayak
(Specialized in Indirect Taxes)
(6166 Points)
Replied 08 January 2019
No not to all transactions It is applicable to specified supply of goods/services
Reverse charge mechanism(RCM) is applicable on recipient for specified services such as GTA services, sponsorship service to firm/corporate, import of service, legal services supplied to business entity
Other than above, RCM on taxable supplies of goods/services by unregistered persons from 1st July 2017 to 12th Oct 2017. On hold from 13th Oct 2017 to 30th September 2019.
Credit of RCM can be availed to extent related to taxable supplies /exports done by recipient
CA Roopa Nayak
(Specialized in Indirect Taxes)
(6166 Points)
Replied 08 January 2019
No not to all transactions It is applicable to specified supply of goods/services
Reverse charge mechanism(RCM) is applicable on recipient for specified services such as GTA services, sponsorship service to firm/corporate, import of service, legal services supplied to business entity
Other than above, RCM on taxable supplies of goods/services by unregistered persons from 1st July 2017 to 12th Oct 2017. On hold from 13th Oct 2017 to 30th September 2019.
Credit of RCM can be availed to extent related to taxable supplies /exports done by recipient
Suman Roy
(104 Points)
Replied 08 January 2019
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 08 January 2019
| Originally posted by : Suman Roy | ||
 |
GST Registered Security Services supplied to Registerd Taxable person to a body corporate is liable to pay GST under reverse Charge? |  |
Yes
Except if Service Provider is Body Corporate in Your QUERY
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