TaxTMI 
TaxTMI 
Reverse charge under GST
X X X X Extracts X X X X
X X X X Extracts X X X X
....everse charge under GST<br> Query (Issue) Started By: - Ganeshan Kalyani Dated:- 13-10-2016 Last Reply Date:- 13-10-2016 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>The threshold limit for....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... registration under GST is ₹ 10 Lacs and ₹ 5 Lacs for North East States. The limit is so low that i assume even a small provisional vendor also would cross it. A consultant or a small serv....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ice provider or advocate would are also likely to cross the prescribed threshold limit. In view of this limit, my query is what would be the purpose of including the provision of reverse charge in GST....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... ? Reply By MARIAPPAN GOVINDARAJAN: The Reply: In my knowledge there is no threshold limit prescribed for reverse charge. We have to wait for the final provisions. Reply By Ganeshan Kalyani: The Re....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ply: Yes sir the dealers liable to pay GST under reverse charge has to get GST registration. There is no exemption threshold limit for the dealers listed in Schedule III of Model GST Law. In my vie....
X X X X Extracts X X X X
X X X X Extracts X X X X
....w, government does not intend to leave any dealer who shall supply goods and or service from GST. Those above threshold shall pay under forward charge (terms used to express) and those below threshold....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... shall be captured under reverse charge. Lot of revenue in the kitty of government is going to accumulate. Welcome views of experts.<br> Discussion Forum - Knowledge Sharing ....