Different Types of Reverse Charge

Last updated at Dec. 16, 2024 by

There are normally of 2 types
Covered in Reverse Charge List
Government has made a list of different goods and services on which Reverse Charge is applicable
They are called covered in Reverse Charge List
 
Example
Section 9(3) -Goods Transport, Passenger Transport, Advocate Service etc.
Section 9(5) -Services Provided by OLA/UBER
Section 5(3) -Import of Service f
 
 
Not Covered in Reverse Charge List
Goods and service Purchase from Unregistered Dealer is covered here - Section 9(4))
 

diff type of RC.png

 

Which Reverse Charge is Currently Applicable?
Covered in Reverse Charge List
This is applicable to All business
 
Not Covered in Reverse Charge List
This was earlier applicable to all business (till 12 Oct 2017)
Currently, it is applicable to Promoters /builders on purchase of cement, input, capital goods
 
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Transcript

Different Types of Reverse Charge Expense Covered Advocate Goods Transport Manpower Import of Service etc. Section 9(4) Section 9(3) Expense Covered Purchase from Unregistered Dealers This Reverse Charge is Still Applicable This Reverse charge was earlier Applicable Covered in Reverse Charge List Not Covered in Reverse Charge List Exempt from 13 Oct 2017

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.