RCM Brahmastra under GST - Income Tax Department to be key Beneficiary

It may be substantially correct to conlcude that Sec 9(4) will net more assessees for both GST and IT. But, the catch is this. Item 4 of GSTR2 which captures particulars of all taxes pai on Reverse Charge also does not capture supplier-wise details. The invoice number referred therein is the invoice generated by the recipient on GSTN for the purpose of taking ITC. GSTR3 also captures information on tax paid on reverse charge, but does not capture transaction level details, so as to disclose the unregistered supplier's name, address, PAN etc.It captures information rate-wise. So, except through an audit of registered person's records, identity of unregistered person cannot be detected.

Gururaj B N 11/08/2017

 

Yes...... Facility of having details of suppliers during audit was there earlier too.

mallikarjun reddy c 11/08/2017