Reverse charge Sec.9(3) CGST Act'17
Query (Issue) Started By: – illayyear yanapu Dated:- 24-8-2017 Last Reply Date:- 24-8-2017 Goods and Services Tax – GST
Got 5 Replies
GST
Dear sir,
As we going through the Sec.9(3) of CGST Act'17, it is stating that The Government may, on the recommendations of the council, by notification, specify categories of supply of goods or services or both, the tax on which shall be paid on reverse charge basis by the recipient of such goods or services or both and all the provisions of this Act shall apply to such recipient as if he is the person liable for paying the tax in relation to the supply of such goods or services or both.
Here, recipient means un-registered dealer and/or registered de
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tered person reverse charge is not applicable except GTA Service. The table is given below: –
S. No.
Tariff item, sub-heading, heading or Chapter
Description of supply of Goods
Supplier of goods
Recipient of supply
(1)
(2)
(3)
(4)
(5)
1.
0801
Cashew nuts, not shelled or peeled
Agriculturist
Any registered person
2.
1404 90 10
Bidi wrapper leaves (tendu)
Agriculturist
Any registered person
3.
2401
Tobacco leaves
Agriculturist
Any registered person
4.
5004 to 5006
Silk yarn
Any person who manufactures silk yarn from raw silk or silk worm cocoons for supply of silk yarn
Any registered person
5.
–
Supply of lottery.
State Government, Union Territory or any local authority
Lottery distributor or selling age
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of Services notified vide notification No.13/17-CT(Rate) dated 28.6.17, GST is to be paid by the receiver of service irrespective of the fact that both are registered. In your example a banking company or financial institution or a non banking financial company will pay as receiver under RCM.
Reply By KASTURI SETHI:
The Reply:
The issue of supply of service by unregistered person to registered person where registered person is to pay GST is as per Section 9(4) of CGST Act and this is in addition to Notification No. 13/17-CT(Rate) dated 28.6.17
Reply By KASTURI SETHI:
The Reply:
Regarding the manner of accounting turnover in this aspect, Section 2(6) of the CGST Act, provides that value of inward supplies on which tax is payable by a pe
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