GST PROVISION FOR UNREGISTERED PERSON UNDER REVERSE CHARGE MECHANISM

GST is a big step to reformation of Indian economy. There have been many of amendment bring out to avoid double taxation like central tax (CENVAT). However, different GST model adopted by many country according their legislation. India has recently adopted new GST model i.e. called dual GST model. It is unique model in the world. There are many benefit under new GST model for businessmen as well as consumers with compare to previous indirect taxation. Government has made special provision for small taxpayers, Agriculturist persons and other those are unable to payment of GST. If supplier is unregistered that receiver will liable to pay tax. This is known as Reverse Charge Mechanism (RCM) under GST. This provision was not available under pre –GST regime in which small supplier suffered lot of burden of taxation as well as compliances procedure. Under this provision, council recommended special categories. RCM is benefited to agriculturist, small suppliers who are not register under GST. With this mechanism, numbers of formalities have been reduced. This study analysis payment of GST where supply made by unregistered person