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GST Reverse Charge mechanism and rules with accounting entries

Reverse charging mechanism a procedural way of discharging tax liabilities and formalities by buyer of services or goods or both instead of seller. For example, a transaction will be considered as reverse charge if tax is payable by buyer instead of seller. GST reverse charging provisions a... Click to read full article

Pulkit Sharma 01/06/2017 under GST-Registration , GST-Rules , GST-compliance , GST-RCM , GST-Accounting

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Trading with unregistered person under GST and levy under reverse charge

A registered person is one who has registered under GST and unregistered person is one who is not registered under GST. This is a simple definition of registered and unregistered person in a layman language. As a registered person to comply correctly with GST law, you must understand certain... Click to read full article

Pulkit Sharma 15/05/2017 under GST-Composition , GST-Registration , GST-Rules , GST-RCM , GST-Tax , GST-Invoice