Yes it is. G19 sets the workplane for both arcs and cutter comp. Please try the following example well above the part.
G00 G54 X0 Y0 S5000 M3
G43 Z0.1 H1
G19 G41 Y-1. D1 (TURN ON COMP IN YZ PLANE)
G03 Y1. J1. (CUT 1" RAD. CW ARC)
G01 G40 Y0 (TURN OFF COMP)
G00 G17 Z1.0