applicability OF rcm

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Ranjeet Kushwaha (Querist)
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04 October 2017 Is RCM is applicable to all supplies where supplier unregistered or only if the supplier engaged in business of without registered

CA AJAY KUMAR AGRAWAL

CA AJAY KUMAR AGRAWAL (Expert)
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04 October 2017 RCM is of two type. Sec 9(3) & 9(4). First type of RCM is applicable in respect of services / goods listed. Second type Sec 9(4) RCM is applicable in all cases where a registered dealer purchases any taxable goods / services from a unregistered dealer.

RAJA P M

RAJA P M (Expert)
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05 October 2017 Yes... I agreed with Mr CA AJAY KUMAR AGRAWAL., The above said two types RCM is basically in GST rule... Also your above said way is both are consider as URD... Ex: The gold business to consumer. Also the consumer exchange his old gold to new. Here the consumer is URD... So, A RD received from supplies except RD the all are treat as URD supply as based on the Rule...

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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05 October 2017 Yes under first type of RCM u/s 9(3) it does not matter whether the supplier is registered or not. For example, goods tranport agency is listed u/s 9(3), even if it is registered the recipient of their services is liable for RCM. The second type ofRCM u/s 9(4) is more general one and it is applicable only if supplier is unregistered. Also the benefit of Rs 5000/- per day exemption is not allowed in case of section 9(3) and is allowed under section 9(4).

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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