How to differentiate Taxable supply with Reverse Charge Mechanism?
Difference between Reverse Charge Mechanism and Taxable supply under GST terms
What is Taxable supply? How does Reverse Charge Mechanism work under GST regime? What are the difference between Taxable supply and Reverse Charge Mechanism?
Under GST system, the following information explains about Taxable supply and Reverse Charge Mechanism.
As per GST terms, Taxable supply means a supply of goods or services or both which is leviable to tax under Central Goods and Service Tax Act, 2017. Reverse Charge Mechanism means Section 9(4) of the CGST Act, 2017 mandates that tax on supply of taxable goods by an unregistered supplier to a registered person will be paid by the registered person under reverse charge mechanism
The details about 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 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 Taxable supply and Reverse Charge Mechanism separately below. You may kindly read the below links to know more about Reverse Charge Mechanism and Taxable supply.
What is Taxable supply under GST
Reverse Charge Mechanism Unregistered recipients under GST
The above information easily explains about Reverse Charge Mechanism and Taxable supply.
We hope, you have satisfied with the difference between Taxable supply and Reverse Charge Mechanism explained above. Do you have different thought on difference between Reverse Charge Mechanism and Taxable supply?
Share below your thoughts about Taxable supply and Reverse Charge Mechanism
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