TaxTMI 
TaxTMI 
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?
GST U/S 9(4) from 01/07/2017 to 12/10/2017
20 Jan 2020 
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Reverse charge mechanism applies to purchases from unregistered dealers, making registered recipients liable to pay GST when filing returns.
Reverse charge liability arises where a registered recipient procures goods or services from an unregistered dealer; the operative issue is whether the registered dealer must account for tax under the reverse charge mechanism for loading charges paid to an unregistered dealer and declare that liability while filing the annual return. The forum response confirms the recipient is liable to discharge GST under RCM for purchases from an unregistered supplier for the specified period. (AI Summary)
Reverse charge liability arises where a registered recipient procures goods or services from an unregistered dealer; the operative issue is whether the registered dealer must account for tax under the reverse charge mechanism for loading charges paid to an unregistered dealer and declare that liability while filing the annual return. The forum response confirms the recipient is liable to discharge GST under RCM for purchases from an unregistered supplier for the specified period. (AI Summary)
