How to differentiate Non-taxable supply with Reverse Charge Mechanism?
What is Non-taxable supply? How does Reverse Charge Mechanism work under GST regime? What are the difference between Non-taxable supply and Reverse Charge Mechanism?
Under GST system, the following information explains about Non-taxable supply and Reverse Charge Mechanism.
As per GST terms, Non-taxable supply means a supply of goods or services or both which is not leviable to tax under this Act or under the Integrated Goods and Services Tax Act.
“Reverse charge” means the liability to pay tax by the recipient of supply of goods or services or both instead of the supplier of such goods or services or both under sub- section (3) or sub-section (4) of section 9, or under sub-section (3) or sub-section (4) of section 5 of the Integrated Goods and Services Tax Act.
The details about Non-taxable supply and Reverse Charge Mechanism with simple language from GST terms have been mentioned in this web blog separately. We suggest you to read these articles on Non-taxable supply and Reverse Charge Mechanism, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Non-taxable supply and Reverse Charge Mechanism separately below. You may kindly read the below links to know more about Reverse Charge Mechanism and Non-taxable supply.
Term non-taxable supply under GST
What is Reverse Charge under GST
The above information easily explains about Reverse Charge Mechanism and Non-taxable supply.
We hope, you have satisfied with the difference between Non-taxable supply and Reverse Charge Mechanism explained above. Do you have different thought on difference between Reverse Charge Mechanism and Non-taxable supply?
Share below your thoughts about Non-taxable supply and Reverse Charge Mechanism
Learn Exports Imports Free, Click here
Click here to know GST rate of your goods or service
Impact of GST on imports in India
Applicable import duty after GST implantation
How to calculate IGST under imports?
Changes in IEC after GST
Linking IEC with GSTIN in customs
Import under EPCG after GST
GST on imports by EOUs and SEZs
Changes of operation of SEZ
Does CVD exists under project imports?
Frequently Asked Questions on TCS under GST
GST Registration - Frequently Asked Questions (FAQ)
Revised GST rate on Electric Smoothing Irons
What is the GST rate on Mysore painting, Rajasthan painting, Tanjore painting?
Is GST registration required for homestays providing accommodation through an ECOs, below threshold limit
Compliances from ITC reversal point opting for composition levy under GST
What happens if proper tracking of goods not effected in export import business?
What happens if your buyer rejects cargo? What are the major problems if consignee not taken delivery of cargo?
How to get export order from foreign buyers?
How to get RCMC from Export Promotion Councils
How to hide invoice value of original contract under high sea sale transactions
How to know the quality, quantity or contents of goods before import customs clearance
How to know volume of LCL cargo if not measured at factory
How to minimize import cargo clearance time? An open logic proposal to WTO
How to obtain a duplicate BL, if original bill of lading lost.
How to obtain GSP - Certificate of Origin?
How to export from Croatia?
How to Import to Croatia?
How to import to India from Croatia?
How to export from India to Croatia?
Documents required for Export from Croatia
Customs procedures for Croatia Export
Registration required to export from Croatia
Documents needed for Croatia import