Reverse charge mechanism
This query is : Resolved
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
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
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 .
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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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
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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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.
who can be termedas notified registered person or specified category of goods and services?
please update or guide if any details are available.
19 April 2019
Any person or category specifically notified by Government as person / category to be covered under RCM
Any person or category specifically notified by Government as person / category to be covered under RCM
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