ICAI released Handbook on Reverse Charge under GST

The Institute of Chartered Accountants of India (ICAI) has released a handbook on reverse charge under Goods and Services Tax (GST).

The Goods and Services Tax (GST) system in India is distinguished by its forward-looking and flexible characteristics, marked by continuous refinements and improvements. The Government has been proactive in addressing concerns raised by the business sector, with a focus on simplifying the compliance process. The GST Council meets regularly to deliberate on adjustments to tax rates, exemptions, and various aspects of the GST framework. The increasing GST revenue and the expanding base of taxpayers serve as clear indicators of the effectiveness of this innovative indirect tax system.

ICAI has been pro-actively supporting the Government by providing its suggestions at each stage of development of GST, be it pre-implementation or post implementation, be it on policy issues or procedural aspects. Further, the ICAI through its GST and Indirect taxes Committee plays an active role in offering essential assistance to members as also the other stakeholders through its technical publications, GST Newsletter, webinars, certificate courses, conferences and programmes.

The GST and Indirect Taxes Committee spares no effort in developing various knowledge resources on GST like technical publications, newsletter, updates etc. from time to time to make the members as well as other stakeholders more able and proficient in GST.

Continuing on this path, the Committee has revised the publication ‘Handbook on Reverse Charge under GST’. This Handbook is designed to provide a comprehensive and user-friendly resource for registered persons dealing with goods or services subject to tax under reverse charge. It seeks to present all relevant provisions in a simplified manner, consolidating information in one accessible location. The Handbook also delves into pertinent notifications, circulars, case laws, etc., for a comprehensive understanding.

The concepts / procedures relating to reverse charge mechanism in GST are presented in an easy-to-understand lucid language. The Handbook offers comprehensive insights and guidance to the registered persons who are liable to make payment of tax under reverse charge.

The publication is up to date with amendments made up to February 1, 2025.

For Official Handbook Download PDF Given Below: