Tag - reverse charge

Treatment of Reverse charge under GST

Hello Everyone coming with another article in this new year on Reverse Charge under GST, Reverse charge is a mechanism where recipient of goods and/ or services is liable to pay GST instead of supplier.Now What is Reverse Charge ?Under Normal Scenario, tax is paid by a supplier who makes supply of goods or services or both. However, under Reverse Charge Mechanism, liability to pay tax would not be on the supplier of goods or services or both but on the [...]

GST Duniya. (Part – 2)

Hello Readers,Hope you had read the 1st part of the GST Duniya series, if not, then read it from here:Part 1: BasicsToday we will discuss about the Reverse Charge under GST and some other concepts.Let's start:REVERSE CHARGENormally, the supplier pays the tax on supply. In certain cases, the receiver becomes liable to pay the tax, i.e., the chargeability gets reversed which is why it is called reverse charge.The concept of reverse charge mechanism is already present in service tax. In GST [...]