Reverse Charge Mechanism in GST- Basic Section 9

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....nism Under GST Generally, the supplier of goods or services is liable to pay GST. Reverse Charge Mechanism (RCM) means the liability to pay tax is on the recipient of supply of goods or services instead of the supplier of such goods or services in respect of notified categories of supply. The objective of shifting the burden of GST payments to the recipient is to widen the scope of levy of ....

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....bsp;2017. * This section 24 override section 22 but not section 23 of CGST Ac, 2017 . * Section 22 provides for exemption from registration when aggregate turnover does not exceed Rs. 20 lakhs. * section 23 provides for exemption from registration to those who are exclusively engaged in supply of goods or services or both which are not liable too tax or are wholly exempt and & to a....

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....or services used to make supplies on which the recipient is liable to pay tax under the Reverse Charge Mechanism (RCM). 3. Time of Supply when GST on goods or services payable on RCM basis The Time of supply is the point when the supply is liable to charge GST. One of the factors relevant for determining time of supply is the person who is liable to pay tax. In RCM, recipient is liable to pay GS....