+91 89287 94727

CAPITAL CORP. SYDNEY

73 Ocean Street, New South Wales 2000, SYDNEY

Contact Person: Callum S Ansell
E: callum.aus@capital.com
P: (02) 8252 5319

WILD KEY CAPITAL

22 Guild Street, NW8 2UP,
LONDON

Contact Person: Matilda O Dunn
E: matilda.uk@capital.com
P: 070 8652 7276

LECHMERE CAPITAL

Genslerstraße 9, Berlin Schöneberg 10829, BERLIN

Contact Person: Thorsten S Kohl
E: thorsten.bl@capital.com
P: 030 62 91 92

REVERSE CHARGE UNDER GST AS PER OLD PROVISION

GST

Reverse charge mean

Normally, the supplier of goods or services pays the tax on supply. In the case of Reverse Charge, the receiver becomes liable to pay the tax, it means the chargeability of GST gets reversed

OLD PROVISION U/s 9(4)

Section 9: Levy & Collection

The central tax in respect of the supply of taxable goods or services or both by a supplier, who is not registered, to a registered person, shall be paid by such person on reverse charge basis as the recipient and all the provisions of this Act shall apply to such recipient as if he is the person liable for paying the tax in relation to supply of such goods or services or both.

APPLICABLE FROM 1ST FEBRUARY 2019

NEW PROVISION U/s 9(4)

As per new provision Government may on the recommendations of the council , by notification, specify a class of registered person who shall, in respect of supply of specified categories of goods or services or both received from an unregistered supplier, pay the tax on reverse charge basis as the recipient of such supply of goods or services or both and all the provisions of this act shall apply to such recipient as if he is the person liable for paying the tax in relation to such supply of goods or services or both

NOTE:- SPECIFIED SUPPLIES & SPECIFIED PERSON will be notified by GST COUNCIL . and soon GST COUNCIL NOTIFY the list of SPECIFIED SUPPLY and SPECIFIED PERSON.

Visit www.easyfileitr.com for latest notification of GST and INCOME TAX. Drop your all query regarding GST and INCOME TAX our experts will revert you within the hour.

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