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No, whether or not supplier has somehow paid tax, reverse charge liability needs to be discharged with the receiver.
· underneath this circumstance notified offer of products and providers are covered by which specified recipient is liable to pay tax underneath the reverse charge mechanism.
A provider are not able to take Input Tax credit rating of GST paid out on products or providers utilized to make materials on which the receiver is liable to pay tax under reverse charge.
enough time of supply is the point when the supply is liable to GST. one of several variables related for analyzing time of source is the one that is liable to pay tax.
on the list of major explanation why the VAT reverse charge mechanism isn't relevant to B2C transactions is usually that consumers who will be non-taxable individuals, such as individual shoppers, do not need a VAT registration range and, For that reason, can't self-assess VAT beneath the reverse charge mechanism.
pricey sir RCM is relevant on specified products or other all merchandise , when acquire of un registered vendor in below rs.50000/-
whether it is impossible to ascertain the time of supply, some time of provide shall be the day of entry while in the guides of account in the recipient.
For anyone who is issuing an LR (Lorry receipt) or consignment note for each transaction for the firm then It's going to be considered as GTA. the organization should spend tax underneath RCM.
all sorts of companies can use e-commerce operators as an aggregator to offer solutions or deliver companies. segment nine(5) from the CGST Act states that if a provider provider utilizes an e-commerce operator to deliver specified products and services, the reverse charge will utilize on the e-commerce operator and he will likely be liable to pay for GST. This part addresses the click here solutions including:
According to my see , RCM on GTA is five % compensated by functions. having said that if there is twelve % fee than its a circumstance of ahead charge & in these types of case it doesnot will come underneath RCM .
The reverse charge mechanism below GST ensures that the legal responsibility to pay through the recipient of provide of goods or solutions or both rather than supplier of this sort of items or expert services or both.
The reverse charge mechanism may be applied with the Member States in precise conditions in accordance with the subsequent provisions of your VAT Directive:
· The provisions of reverse charge beneath this situation applies just for materials made throughout the condition