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Indirect Taxation
Do we have this also?
Answers (4)
For the builders / promoter is required to pay GST on reverse charge mechanism under section 9 subsection 4 if one of the following cases builders / promoters must purchase 80% of the outputs and output services which is used in supplying the service from the registered person in case of shortfall is required to pay tax under reverse charge mechanism all such inverted supplies to the extend short of 80% inward supplies from the registered supplier 2.the cement is received from an unregistered person promoters / builder has to pay tax on such cement on reverse charge mechanism. 3. GST on capital goods is payable by the promoter on RCM And also what is meaning of promoter here