Reverse charge provision information as per Article 1 (98) of the GST Act

Under the GST law, Veracarias is liable to the recipient of supply regarding the supply of specialized goods or services. This liability is calculated and recognized as the amount payable under the reverse charge. The preceding article discussed some of the important tasks to be done in March. Today's article discusses the liability under reverse charge. So if any money is left over, the payment will be made in the month of March.

Definition of reverse charge

Reverse charge is defined in section 4 (1) of the GST law. Accordingly, the provisions contained in section 4 (1), 2 (3) of the GST Act and the provisions contained in section 4 (1), 3 (4) of the GST Act on which the person receiving the supply is payable.

Registration

As per Article 1 of the GST Act, the person is entitled to pay the amount under reverse charge. Such person is required to obtain registration number under the compulsory GST Act. Thus, persons who supply only waiver are not required to obtain registration number under GST Act as per Article 1 but if there is an obligation to pay tax under reverse charge on any supply as defined in Article 1 (2), under GST Act as per Article 1 The registration number has to be filled with tax.

As per the provisions of the GST law for external supply, today, 1 lakh has been fixed for the limited goods of turnover for compulsory registration and 1 lakh for the supply of services. No such limitation is required to determine the liability under the reverse charge.

On which goods does the reverse charge be paid?

૧. When a registered person buys cashew nuts (HSN 0801), tendon leaves (HSN 14049010), and tobacco cards (HSN 2401) from an agriculturalist, the person registered on Inward Supply is subject to reverse charge of 2-4-5 tax. Filling is done. ૨. An enrolled person receives silk yarn from a person who has made silk yarn from silk worm or cocoon if this item is made from raw silk, silk worm. ૩. Ta. The person registered on raw cotton received from Agricultural cultivator from 1-2-4 must pay the reverse charge. ૪. Ta. From 1-4-8, the old government has to pay reverse charge to the registered person on the supply of used goods as well as waste and debris and used vehicles, seized by the Central Government, the Union Territory or the Local Authority. ૫. In case of lottery, payment is to be made under lottery distributors or sailing agency reverse reverse charge. Recently Submission of Rule 1A has been declared by Rule 2A for the determination of lottery amount by notification on 1st March, 8/1 Central Tax. ૬. The registered person who receives the Priority Sector Landing Certificate has to pay the reverse charge.

On which service supply does the reverse charge be paid?

(3) Ta. 2-5-6 Advocate and Senior Advocate or Advocate firm, the business unit located in the taxable territory serving by the Arbitral Tribunal, has to pay the reverse charge. (3) Ta. The reverse charge is to be paid on the amount of sponsorship received by the body corporate or partnership firm located in Taxable Territory from 1-2-3. (3) Ta. The service provided by the director of a company from 1-3-8 is to be paid by the reverse charge recipient over the company or body corporate located in the taxable territory. (3) Ta. From 1-4-8, the Receipt will be required to pay a reverse charge on the service rendered by the Insurance Agent to the Bank of NBFC or Financial Institution in the business of the Tertiary Territory. (3) Ta. The reverse charge is to be paid by the factory or co-operative society or any company partner firm, casual taxable person or person registered under the GST Act on the service received by the road from 2-5-6. This provision shall not apply to all persons who have registered for the cutting of TDS only under any Government department or any local authority or Article 1. We have declared a waiver supply under the Central Tax Rate under Notification 1/3. There is no reverse charge on the waiver service for transport of goods by the road specified. (2) Respect the provision of reverse charge on CIF import. Gujarat High Court On January 7, the judgment rendered unconstitutional. Thus there is no reverse charge on CIF import. The rest of the service supply will be discussed in a later article.