Menu
Reverse charge mechanism
I am a gst registered entity who purchased from an unregistered supplier some furniture. Am i liable for gst under reverse charge
Replies (4)
No , Reverse Charge not applicable on purchase of furniture from Unregistered person .
please confirm with others also .
please confirm with others also .
No you're not eligible for RCM
RCM is not applicable
REVERSE CHARGE APPLICABILITY
1.sec 9 (3) of cgst act and sgst act and section 5 (3) of igst act state that govt. can specify categories of supply of goods or services the tax is payable on reverse charge basis.
The tax thereon shall be Paisley by the recipient of goods and services.
In case of receipt of goods and services or both by a registered person from unregistered supplier .
igst and cgst will be payable by the recipient in respect of specified categories of goods and services.
1.sec 9 (3) of cgst act and sgst act and section 5 (3) of igst act state that govt. can specify categories of supply of goods or services the tax is payable on reverse charge basis.
The tax thereon shall be Paisley by the recipient of goods and services.
In case of receipt of goods and services or both by a registered person from unregistered supplier .
igst and cgst will be payable by the recipient in respect of specified categories of goods and services.
Recent Threads
- Un claim ITC
- Form 49AA - OCI card holder applying for PAN card
- Section 54f and Sale between father and Son.
- Demat of shares of private limited company
- Income only with share market around 5-6 lack
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
Related Threads
CAclubindia
