Reverse Charge Mechanism Section 9 (3) | What is RCM | RCM Part - 2
Автор: Accounting Training Institute
Загружено: 2020-12-22
Просмотров: 72
Описание:
Reverse Charge Mechanism
Part 1: • Reverse Charge Mechanism Explained | What ...
Reverse Charge means the liability to pay tax is on the recipient of supply of goods or services instead of the supplier of such goods or services in respect of notified categories of supply.
Reverse Charge Mechanism in GST, in regular circumstances, any supplier of goods and services is liable to pay the Goods and Services Tax (GST). However, when the reverse charge mechanism is applied, the receiver of the goods becomes the party that is liable to pay the taxes.
There are two type of reverse charge scenarios provided in law. First is dependent on the nature of supply and/or nature of supplier. This scenario is covered by section 9 (3) of the CGST/SGST (UTGST) Act and section 5 (3) of the IGST Act. Second scenario is covered by section 9 (4)
of the CGST/SGST (UTGST) Act and section 5 (4) of the IGST Act where taxable supplies by any unregistered person to a registered person is covered.
Contact us at:-
[email protected],
:-+91 98884 16084
or Whatsapp us:-
91 98884 16084
Website : https://atiamritsar.com/
Facebook: / accountingtraininginstitute
accounting basics
accountancy
BECOME A PROFESSIONAL ACCOUNTANT
Повторяем попытку...
Доступные форматы для скачивания:
Скачать видео
-
Информация по загрузке:
