RCM (REVERSE CHARGE) UNDER GST

Section 9(3) of the CGST Act, 2017:

“The Government may, on the recommendations of the Council, by notification, specify categories of supply of goods or services or both, the tax on which shall be paid on reverse charge basis by the recipient of such 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 the supply of such goods or services or both.”

  1. GOODS UNDER REVERSE CHARGE:
  2. CASHEWEW NUTS NOT SHELLED OR PEELED

SUPPLIER: AGRICULTURIEST

RECEIPENT: A REGISTERED PERSON

  • BIDI WRAPPER LEAVES          

SUPPLIER: AGRICULTURIEST

RECEIPENT: A REGISTERED PERSON

  • TOBACCO LEAVES   

SUPPLIER: AGRICULTURIEST

RECEIPENT: A REGISTERED PERSON

  • SILK YARN

SUPPLIER: MANUFACTURER

RECEIPENT: A REGISTERED PERSON

  • RAW COTTON

SUPPLIER: AGRICULTURIEST

RECEIPENT: A REGISTERED PERSON

  • SUPPLY OF LOTTERY

SUPPLIER: STATE GOVT., LOCAL AUTHORITY

RECEIPENT : LOTTERY DISTRIBUTING AGENT

  • USED VEHICLES, SIEZED GOODS, OLD & USED GOODS, WASTE & SCRAP

SUPPLIER: STATE GOVT., LOCAL AUTHORITY

RECEIPENT : ANY REGISTERED PERSON

  • PRIORITY SECTOR LENDING CERTIFICATE

SUPPLIER: ANY REGISTERED PERSON

RECEIPENT : ANY REGISTERED PERSON

  • SERVICES UNDER REVERSE CHARGE
  • GTA (GOODS TRANSPORT AGENCY) SERVICES

SUPPLIER: GTA

RECEIPENT: FACTORY, SOCIETIES, BODY CORPORATE, PARTNERSHIP FIRM, CASUAL TAXABLE PERSON ETC., PERSON REGISTERED UNDER GST

  • LEGAL SERVICES

SUPPLIER: AN INDIVIDUAL ADVOCATE INCLUDING SENIOR ADVOCATE OR FIRMS OF ADVOCATE

RECEIPENT: ANY BUSINESS ENTILTY

  • ARBITRAL SERVICES

SUPPLIER: AN ARBITRAL TRIBUNAL

RECEIPENT: ANY BUSINESS ENTILTY

  • SPONSORSHIP SERVICES

SUPPLIER: ANY PERSON

RECEIPENT: ANY PARTNERSHIP FIRM OR BODY CORPORATE

  • GOVERNMENT SERVICES

(ALL SETRVICES EXCLUDING – RENTING OF IMMOVABLE PROPERY , SPEED POST, AIR CRAFT VESSEL,TRANSPORT OF GOODS OR PASSENGERS

SUPPLIER: CENTRAL GOVT., STATE GOVT. UNION TERRITORY OR LOCAL AUTHORITY

RECEIPENT: ANY BUSINESS ENTILTY

  • SERVICES BY DIRECTOR

SUPPLIER: A DIRECTOR OF COMPANY OF BODY CORPORATE

RECEIPENT: A COMPANY OR BODY CORPORATE

  • INSURANCE AGENT SERVICES

SUPPLIER: AN INSURANCE AGENT

RECEIPENT: ANY PERSON CARRIYING ON INSURANCE BUSINESS

  • RECOVERY AGENT SERVICES

SUPPLIER: A RECOVERY AGENT

RECEIPENT: BANKING COMPANY, FINANCIAL INSTITUTION, OR NON-BANKING FINANCIAL INSTITUTIONS

  • COPYRIGHT SERVICES

SUPPLIER: AUTHOR, MUSIC COMPOSER, PHOTOGRAPHER ARTIST ETC.

RECEIPENT: PUBLISHER, MUSIC COMPANY, PRODUCER ETC.

  1. RESERVE BANK SERVICES

SUPPLIER: MEMBERS OF OVERSEEING COMMITTEE CONSTITURED BY RBI

RECEIPENT: RESERVE BANK OF INDIA

  1. SERVICES BY INDIVIDUAL DIRECT SELLING AGENTS (OTHER THAN BODY CORPORATE, PARTNERSHIP FIRM OR LLP)

SUPPLIER: SERVICES BY INDIVIDUAL DIRECT SELLING AGENTS (OTHER THAN BODY CORPORATE, PARTNERSHIP FIRM OR LLP)

RECEIPENT: BANKING COMPANY OR NON-BANKING FINANCIAL INSTITUTIONS

  1. BUSINESS FACILITATOR SERVICES

SUPPLIER: BUSINESS FACILITATOR

RECEIPENT: BANKING COMPANY

  1. SECURITY SERVICES

SUPPLIER: ANY PERSON OTHER THAN BODY CORPORATE

RECEIPENT : A REGISTERED PERSON

Leave a Comment

Your email address will not be published. Required fields are marked *

Translate »