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Reverse on igst

lokesh chand (37 Points)

15 December 2017

As we all know Reverse mechanism has been removed now,

should we still paid reverse IGST on the import of goods and services, Please suggest

If anyone has a complete list in this regards (Reverse mechanism) Please share.

Thanks with Regards

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4 Replies

vamsi krishna (Chartered Accountant) (284 Points)
Replied 15 December 2017

Only the reverse charge mechanism on purchase of goods from unregistered dealers of exceeding Rs.5000/- in day is shifted to 31-3-2018 . However remaining reverse charges are to be paid .

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(Guest)

Reverse charge under section 9(4) is removed till 31.03.18 and not for section 9(3).Thus import of Services is covered under reverse charge.Import of goods is also subject to BCD+IGDT