Reverse Charge Tax Liability under GST Law

Reverse Charge Tax Liability under GST Law Reverse charge means the liability to pay tax by the person receiving goods and / or services instead of the person supplying the goods and / or services (Section 2(85). Following are the frequently asked question on reverse charge under upcoming GST Law: Q 1. What are the benefits available to small tax payers under the GST regime? Ans. Tax payers with an aggregate turnover in a financial year up to would be exempt from tax  Aggregate turnover shall be computed on all India basis. For NE States and Sikkim, the exemption threshold shall be

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