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Reverse Charge Machnism
Sir Reverse charge applicable on 2019-20
Replies (5)
Yes, specified services like GTA, legal, director fees, etc. i.e., notified under 9(3)
No reverse charge for procurements from unregistered persons.
No reverse charge for procurements from unregistered persons.
Reverse Charge applicable on certain Goods or Services which are notified in Section 9(3)
RCM can't be utilised for ITC , It is Output tax liability
RCM can't be utilised for ITC , It is Output tax liability
Tax paid under reverse charge can be availed as ITC is eligible. Then it can be utilised for making payment of output tax.
whether RCM applicable while making paymet of director remuneration ? please guide
If it is in the nature of salary, then Not applicable.
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