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reverse charge

SDR ASSOCIATES (380 Points)

05 March 2019

which expenses should pay reverse charge from feb19

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4 Replies

Sahil Jain (FAFD, DISA, CA) (Practicing Chartered Accountant ) (2476 Points)
Replied 05 March 2019

Government shall specify class of supplies and categories of persons on whom reverse charge shall apply. As of now there is no RCM for supply received from unregistered dealers.

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M.M Sachora (Tax Professional & Advisor) (1421 Points)
Replied 05 March 2019

Till now there is specify servive or goods so No Rcm applicable

pritesh (CA Final student) (7101 Points)
Replied 05 March 2019

Still now government has not specified rcm under sec9(4(

Sridhar (Tax Consultant ) (38 Points)
Replied 07 March 2019

Hi Sir,

On 11th Feb 2019 HDFC bank levied a Late Fee of Rs 750 and GST of Rs 135 (18% of Rs 750) on my credit card bill the same Rs 750 was reversed with the credit on 12th Feb 2019 but bank says that the GST of Rs 135 cannot be reversed as per GST rules may i know is this true?

Thanks,

Sridhar