Reverse charge mechanism

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J. vijay kumar (Querist)
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18 April 2019 Sir,

1) Is RCM applicable for purchase made from URD wef 01.04.2019 ?

2) Plz guide on which goods & services RCM is applicable from 01.04.2019?

Thanks in advance

CA Anita Bhadra

CA Anita Bhadra (Expert)
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18 April 2019 Notification No.01/2019 – Central Tax (Rate) and amended section 9(4) of CGST Act. has been issued by Government regarding RCM Applicability

As per the notification RCM under section 9(4) - from unregistered supplier will be applicable to only to notified registered person or specified category of goods & services .

Govt specified applicability of RCM on specified services of real estate sector vide notification No. 5 dt 29 March 2019 .

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CA Anita Bhadra

CA Anita Bhadra (Expert)
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18 April 2019 List of Services where RCM is applicable incorporating amendments w.e.f 01 Apr 2019
1.) Goods Transport Agency (GTA)
2.) Legal Services
3.) Services of arbitral tribunal Applicability
4.) Sponsorship Services
5.) Where Services are Supplied by Government
6.) Where Services are Supplied by Government
7.) Services provided by Director of a Body Corporate
8.) Services provided by insurance agent 9.) Services provided by recovery agent
10.) Services of Author or music composer, photographer, artist, or the like
11.) Services of Members of Over-seeing Committee constituted by the Reserve Bank of India
12.) Services of Individual Direct Selling Agents (DSAs) other than a body corporate, partnership or limited liability partnership firm.

13.) Business facilitator (BF)
14.) An agent of business correspondent (BC)
15.) Security services

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J. vijay kumar

J. vijay kumar (Querist)
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19 April 2019 thanks for the reply

who can be termedas notified registered person or specified category of goods and services?

please update or guide if any details are available.

CA Anita Bhadra

CA Anita Bhadra (Expert)
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19 April 2019
Any person or category specifically notified by Government as person / category to be covered under RCM

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