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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Reverse on igst
Replies (4)
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 .
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
IGST*
on Import of Goods & Service IGST Applicable
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