Sir, kindly explain the status of Reverse charge Applicability under GST.
Thank you.
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Reverse charge mechanism
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The RCM provisions under GST are of two types
Type 1 RCM supply covered u/s 9(3)
Type 2 RCM supply covered u/s 9(4)
Type 1:
In this case Govt. will notify goods and services on which the tax is to be paid only on Reverse charge.
Type 2:
Inward supply from unregistered person.
Type 1 RCM supply covered u/s 9(3)
Type 2 RCM supply covered u/s 9(4)
Type 1:
In this case Govt. will notify goods and services on which the tax is to be paid only on Reverse charge.
Type 2:
Inward supply from unregistered person.
In addition to above , RCM on Inward Supply from Unregistered Person is applicable only on Developers/Promotor Subject to conditions prescribed in Notification 7/2019 CT (r) , effective from 1/4/2019
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