Check more details for Compulsory payment of GST under Reverse Charge from below..
Compulsory payment of GST under Reverse Charge
Under the GST regime too there are certain expenses on which the recipient is liable to pay tax on a reverse charge basis like we had seen under Service tax and VAT regime. Moreover the taxes in these are first to be paid in cash and then Input tax can be availed except for those credits which are not available as per the provisions of section 17(5) i.e.Blocked credits. Lets look at some of these expenses on which GST is to be paid on a reverse charge basis.
The person who pays or is liable to pay freight for the transportation of goods by road in goods carriage, located in the taxable territory shall be treated as the person who receives the service for the purpose of this“Body Corporate” means body corporate or corporation includes a company incorporated outside India but does not include – a co-operative society registered under any law relating to co-operative societies; and any other body corporate (not being a company as defined in this Act), which the Central Government may, by notification, specify in this behalf. Senior Advocate means a designation that can be conferred on lawyers in the Supreme Court or high courts. It is a recognition of their superior ability and their standing at the bar.
Author – Sagar Bhavsar (a) any factory registered under or governed by the Factories Act, 1948(63 of 1948);or
(b) any society registered under the Societies Registration Act, 1860 (21 of 1860) or under any other law for the time being in force in any part of India; or (c) any co-operative society established by or under any law; or (d) any person registered under the Central Goods and Services Tax Act or the Integrated Goods and Services Tax Act or the State Goods and Services Tax Act or the Union Territory Goods and Services Tax Ac t; or (e)any body corporate established, by or under any law; or (f)any partnership firm whether registered or not under any law including association of persons; or (g) any casual taxable person.
(1) renting of immovable property, and (2) services specified below- services by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than Central Government, State Government or Union territory or local authority; (ii) services in relation to an aircraft or a vessel, inside or outside the precincts of a port or an airport; transport of goods or passengers. (a) of sub-section (1) of section 13 of the Copyright Act, 1957 relating to original literary, dramatic, musical or artistic works to a publisher, music company, producer or the like. Disclaimer: The views expressed in this article are strictly personal. The content of this document are solely for informational purpose. It doesn’t constitute professional advice or recommendation. The Author does not accept any liabilities for any loss or damage of any kind arising out of information in this article and for any actions taken in reliance thereon. Recommended Articles
