Any Registered Tax Payer made in Inward Supply of Notified Goods or Services from Unregistered Person on or after 1st February 2019 liable to pay Tax under Reverse Charge Mechanism.
Conditions for Applicability of Reverse Charge Mechanism: -
• There should be Supply of Goods or Services
• Such Supply of Goods or Services should be in respect of Taxable Goods/Services.
• Such Supply must be by an Unregistered Person to Registered Person.
• Such Supply must be an intra-state supply of notified Goods or Services.
Date on from which Reverse Charge Mechanism is applicable: - From 1st February 2019 Reverse Charge Mechanism on Inward Supply of Notified Goods or Service from Unregistered Person by Registered Tax Payer.
Notified Goods or Service under Reverse Charge Mechanism: - Till now No Goods or Services Notified.
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Conditions for Applicability of Reverse Charge Mechanism: -
• There should be Supply of Goods or Services
• Such Supply of Goods or Services should be in respect of Taxable Goods/Services.
• Such Supply must be by an Unregistered Person to Registered Person.
• Such Supply must be an intra-state supply of notified Goods or Services.
Date on from which Reverse Charge Mechanism is applicable: - From 1st February 2019 Reverse Charge Mechanism on Inward Supply of Notified Goods or Service from Unregistered Person by Registered Tax Payer.
Notified Goods or Service under Reverse Charge Mechanism: - Till now No Goods or Services Notified.
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