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Reverse Charge

RCM 298 views 6 replies
Is reverse Charge applicable in all transaction?
Replies (6)

No... its defined for specific scenarios

Please google it. . 

GST Registered Security Services supplied to Registerd Taxable person to a body corporate is liable to pay GST under reverse Charge?

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

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

Thank you very much sir...
but notification no. 29/2018 CGST (Rate) Dt. 31/12/2018
Some specific services inserted after Sl no 11 that may be applicable under reverse Charge.
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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