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,
\nAs 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.
\nHere, recipient means un-registered dealer and\/or registered de<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n tered person reverse charge is not applicable except GTA Service. The table is given below: – = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n 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. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" 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 – GSTGot 5 RepliesGSTDear 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 … Continue reading “Reverse charge Sec.9(3) CGST Act'17”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7426","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7426"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7426\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\nS. No.
\nTariff item, sub-heading, heading or Chapter
\nDescription of supply of Goods
\nSupplier of goods
\nRecipient of supply
\n(1)
\n(2)
\n(3)
\n(4)
\n(5)
\n1.
\n0801
\nCashew nuts, not shelled or peeled
\nAgriculturist
\nAny registered person
\n2.
\n1404 90 10
\nBidi wrapper leaves (tendu)
\nAgriculturist
\nAny registered person
\n3.
\n2401
\nTobacco leaves
\nAgriculturist
\nAny registered person
\n4.
\n5004 to 5006
\nSilk yarn
\nAny person who manufactures silk yarn from raw silk or silk worm cocoons for supply of silk yarn
\nAny registered person
\n5.
\n–
\nSupply of lottery.
\nState Government, Union Territory or any local authority
\nLottery distributor or selling age<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nReply By KASTURI SETHI:
\nThe Reply:
\nThe 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
\nReply By KASTURI SETHI:
\nThe Reply:
\nRegarding 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<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n