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A registered person receiving taxable goods or services from a supplier who is not registered, would be liable to pay GST under reverse charge mechanism.aggregate value of supplies of goods and/or service received by a registered person from any or all the suppliers, who is or are not registered, upto five thousand rupees in a […]
Read More ...In case of receipt of supply from an unregistered person, the registered person who is receiving goods or services shall be liable to pay tax under reverse charge mechanism.
Read More ...you have to pay 5% gst on reverse charge basis.
Read More ...After 1st July, 2017, your contractor should charge GST. If he is exempted from GST registration, and if you are registered under GST, you have to pay GST on reverse charge basis.
Read More ...Yes,you can use your own transport for transportation. As you are registered in composition scheme, you are out of the GST credit chain ,you do not get reverse charge.
Read More ...The government has notified certain goods and services on which tax needs to be paid by the recipient on reverse charge. If you have received any such inward supplies on which the tax needs to be paid by you on reverse charge, it needs to be mentioned here.
Read More ...No. The tax to be paid on reverse charge is to be paid in cash.
Read More ...For reverse charge, you will have to raise an invoice on your own name for the reversed amount. For stock held on 1st July, 2017, you will get ITC if you have the tax paid documents. For GST you need to provide your current account number.
Read More ...No, reverse charge applies to supplies of both goods and services.
Read More ...Outward supplies on which tax is paid on reverse charge basis by the recipient will be included in the aggregate turnover of the supplier.
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