Home List Manuals GSTGST Ready ReckonerImportant Definitions, terms, meaning and Scope This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Reverse Charge - GST Ready Reckoner - GSTExtract Reverse Charge means the liability to pay tax by the recipient of supply of goods or services or both instead of the supplier of such goods or services or both under sub-section (3) or sub-section (4) of section 9, or under sub-section (3) or subsection (4) of section 5 of the Integrated Goods and Services Tax Act. Example A Trader Who Is Registered In Gst Takes Services Of Goods Transport Agency (Gta) For Rs. 10,000. This Service Is Listed Under The Reverse Charge List Therefore Trader Has To Pay Tax @ 18% On Rs. 10,000 On Rcm.
|