Comprehensive Guide To Reverse Charge Under GST

This 2024 edition of Comprehensive Guide to Reverse Charge under GST by CA Dhruv Dedhia and CA Vinay Kumar J, with technical assistance from CA Rajesh Maddi, provides an in-depth and practical analysis of the reverse charge mechanism (RCM) under India’s Goods and Services Tax law. Developed in collaboration with Taxsutra, the book is an indispensable resource for tax professionals, corporate GST teams, and compliance officers dealing with RCM obligations.

The guide meticulously examines every aspect of reverse charge, from statutory provisions to practical compliance requirements, ensuring readers are equipped to handle complex GST scenarios. It incorporates the latest amendments up to 31st March 2024, along with judicial precedents and expert commentary, making it both authoritative and easy to navigate.

The content covers:

• Overview of reverse charge mechanism – scope, applicability, and legal framework

• List of notified supplies and services under RCM as per the latest notifications

• Point of taxation, time of supply, and valuation rules for RCM transactions

• Interplay between GST provisions, input tax credit (ITC) claims, and RCM compliance

• Detailed analysis of each entry covered under reverse charge

• Impact of RCM on cross-border transactions and import of services

• Special RCM provisions for e-commerce operators, goods transport agencies (GTA), and specific sectors

• Judicial pronouncements and their implications for taxpayers

• Industry-wise analysis of RCM compliance challenges

• Practical issues, frequently asked questions (FAQs), and low-chart summaries for quick reference

• Penalties and consequences of non-compliance with RCM provisions

• Best practices for documentation, payment, and reporting of RCM liabilities

This edition is particularly suitable for:

• GST practitioners, chartered accountants, and tax consultants

• Corporate finance and compliance officers responsible for GST filings

• Business owners seeking clarity on RCM obligations for goods and services

• Legal professionals handling GST litigation and advisory services

• Students of GST law and taxation preparing for professional examinations

With its combination of statutory interpretation, practical guidance, and visual aids, Comprehensive Guide to Reverse Charge under GST ensures readers can confidently apply RCM provisions while maintaining full compliance under India’s evolving GST regime.