1. What is Reverse Charge?
2. When is Reverse Charge Applicable?
A. Supply from an Unregistered dealer to a Registered dealer
Latest update as per 22nd GST Council Meeting held on 6th Oct 2017
B. Services through an e-commerce operator
C. Supply of certain goods and services specified by CBEC
3. Time of Supply under Reverse Charge
A. Time Of Supply in case of Goods
- the date of receipt of goods
- the date of payment*
- the date immediately after 30 days from the date of issue of an invoice by the supplier
- Date of receipt of goods 15th May 2018
- Date of invoice 1st June 2018
- Date of entry in books of receiver 18th May 2018
B. Time Of Supply in case of Services
- The date of payment
- The date immediately after 60 days from the date of issue of invoice by the supplier
- Date of payment 15th July 2018
- Date of invoice 15st May 2018
- Date of entry in books of receiver 18th July 2018
4. What is Self Invoicing?
- What happens if the receiver of goods and/or services is required to pay tax under Reverse Charge but is not a registered dealer?
- Is Input Tax Credit allowed under Reverse Charge?
- What if an Input Service Distributor receives supplies liable to Reverse Charge?
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