GST U/S 9(4) from 01/07/2017 to 12/10/2017

[varsha jain]

Hello Sir. Loading Charges was paid to URD in excess or 5000/- per day in F.Y. 2017-18. Is Registered dealer liable to Pay tax under RCM while filing Annual Return now. if Yes then at what Rate?

AI Summary

GST Reverse Charge Mechanism Applies to Loading Charges from Unregistered Dealers (July 1 - Oct 12, 2017) Under Section 9(4). A query was raised regarding the applicability of the Goods and Services Tax (GST) under Section 9(4) for the period from July 1, 2017, to October 12, 2017. The issue concerned whether a registered dealer is liable to pay tax under the Reverse Charge Mechanism (RCM) for loading charges paid to an unregistered dealer exceeding 5000 per day in the fiscal year 2017-18, while filing the annual return. The response confirmed that RCM was applicable during the specified period for purchases from unregistered dealers.