GOOD AND SERVICE TAX (GST) Reverse charge is a mechanism under which the recipient of the goods or services is liable to pay tax instead of the provider of the goods and services. Under the normal taxation regime, supplier of Goods or Service collects the tax from the buyer of Goods or Service and deposits the same after adjusting the output tax liability with the input tax credit available.But under reverse charge mechanism, liability to pay tax shifts from supplier to recipient. Scope of Reverse Charge Mechanism If a person not registered under GST supplies Goods or Services to a person who is registered under GST, then in such cases – Reverse Charge Mechanism would get applicable i.e. the GST would be required to be paid by the Recipient of Goods or Service directly to the Govt on behalf of the supplier. Reverse Charge Mechanism would get applicable only if the total supply from unregistered person exceeds Rs 5,000 in a day. An unregistered dealer cannot make interstate
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