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.