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ADVISOR WEBCAST RECORDING: Financials for India: Goods and Service Tax Reverse Charge held on August 11, 2017 [VIDEO] (Doc ID 2291381.1)

Last updated on FEBRUARY 28, 2020

Applies to:

Oracle Financials for India - Version 12.1 and later
Information in this document applies to any platform.

Details

ADVISOR WEBCAST ANNOUNCEMENT: Financials for India: Goods and Service Tax Reverse Charge to be held on August 11, 2017

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ADVISOR WEBCAST: Financials for India: Goods and Service Tax Reverse Charge Mechanism

PRODUCT COMMUNITY: Financials for India

Schedule:

 

Abstract:

If you are a technical users, functional users and would like to understand the product offerings when it comes to Reverse Charge Mechanism, attend this 1-Hour advisor webcast.

We will be explaining the applicability of Reverse Charge process in EBS and the various other details pertaining to Reverse Charge mechanism. “Reverse Charge’’ means the liability to pay tax by the recipient of supply of goods or services instead of the supplier of such goods or services in respect of such categories of supplies as notified under sub-section (3) of Section 8.

The concept of Reverse Charge existed earlier under the Service Tax provisions for services like Works Contract, Manpower, Goods Transport Agencies, Legal services etc., however, under the GST, reverse charge mechanism has been introduced both for Goods and Services.

Accordingly, all other provisions of this Act and CGST Act, as applicable, will apply to the recipient of such goods and / or services, as if the recipient is the supplier of such goods and / or services i.e. for the limited purpose of such transactions, the recipient would be deemed to be the ‘Supplier’.

Topics Include:

  • Configuration
  • HSN/SAC Code
  • Reverse Charge on Prepayment
  • Reverse Charge on Standard Invoice
  • Q&A

Duration: 1 hr

 

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