Rcm (reverse charge mechanism)

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Sudheer gupta (Querist)
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05 May 2018 Should I have to pay RCM if I have purchased some goods or service from unregistered dealer through cheque? Either I will purchase under Rs. 5000.00 or more than 5000.00. As you know the threshold limit of cash purchase under GST is Rs. 5000.00.

Please describe.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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05 May 2018 No RCM on such purchases till 30th June 2018.

Sudheer gupta

Sudheer gupta (Querist)
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05 May 2018 Sir please describe.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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05 May 2018 Due difficulties faced by dealers GST council suspended the applicability of RCM on purchases from unregistered dealers till 30th June 2018.

Sudheer gupta

Sudheer gupta (Querist)
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05 May 2018 Either I will purchase through cheque or cash??? And Under 5000.00 or More Than 5000.00???

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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05 May 2018 Up to 10,000 you can purchase through cash.

Sudheer gupta

Sudheer gupta (Querist)
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05 May 2018 And what about through cheque from unregistered dealer???

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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05 May 2018 For Cheque payment also RCM not applicable till 30th June 2018