Reverse Charge Machnism


Avinash Karn   20 June 2019

Avinash Karn

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Sir Reverse charge applicable on 2019-20

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Mayank Gadiya   20 June 2019

Mayank Gadiya

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Yes, specified services like GTA, legal, director fees, etc. i.e., notified under 9(3)
No reverse charge for procurements from unregistered persons.

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Ajay kumar sharma   21 June 2019

Ajay kumar sharma

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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

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Mayank Gadiya   21 June 2019

Mayank Gadiya

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Tax paid under reverse charge can be availed as ITC is eligible. Then it can be utilised for making payment of output tax.

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ramesh (Student CA Final )     04 July 2019

ramesh
Student CA Final  
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whether RCM applicable while making paymet of director remuneration ? please guide

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Mayank Gadiya   04 July 2019

Mayank Gadiya

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If it is in the nature of salary, then Not applicable.


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