w to calculate reverse chage, and want to know on what are things/expenses are on reverse charge i am working in pvt ltd. company i am very much thankfull, if anyone have deeply knowledge pls guide me

1. Unregistered dealer selling to a registered dealer

In such a case, the registered dealer has to pay GST on the supply.

2. Services through an e-commerce operator

If an e-commerce operator supplies services then reverse charge will apply on the e-commerce operator. He will be liable to pay GST.

3. CBEC has issued a list of services on which reverse charge is applicable

The rates under RCM is same as that applicable under forward charge over the supply.

Also refer: https://tax guru.in/goods-and-service-tax/reverse-charge-gst.H T M L

Thank you

Mr.Dhirajlal Rambhia
 

My Pleasure....

Dear Dhirajlalji,

please guide me for following.

I have a another query for service tax under RCM

i have paid the service tax under RCM of ocean freight which is charged by foreign exporter.

foreign exporter charged 50 usd freight bill.

i calculated 50 x 65.35 (exchange rate) = 3268

3268*70% =980

ser.tax 14%=137

kkcess0.5%=5

sb cess 0.5%=5

i have paid 147

now how to accounted/treated in account tally softwar