GST Reverse Charge
Author Details For example, If a registered purchases stationery from an unregistered person, then such registered person has to pay tax on such transaction under reverse charge mechanism.
i) Date of receipt of goods or ii) Date on which payment is made iii) Date after 30 days from the date of issue of invoice or document by the supplier
For example, If a registered person is purchasing stationery from an unregistered person on 2nd October and the supplier is providing bill on 10th October and the amount was paid to supplier on 25th October. Then in this case the time of supply will be considered is on 2nd October being date of receipt of goods. And time of supply in case of services under reverse charge will be earlier of the below:
i) The date on which payment is made ii) Date after 60 days from the date of issue of invoice or document by the supplier
MJL & Co, Jaipur (Chartered Accountants) Email – MJLco.jaipur@gmail.com (ph – 0141-4915113) Recommended Articles
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