Sir,
We purchase chillies from farmers, and the same sold to Companies (b2b). So in this transaction is rcm applicable?
Pls.
Menu
chilli's rcm... reg
Replies (4)
No RCM
Notification No. 01/2019 – Central Tax (Rate)
New Delhi, the 29th January, 2019
Sir, we purchase from unregistered dealer.. So, why rcm not applicable. Pls
RCM will be applicable only on specified registered person dealing in specified goods and services as per Notification No. 01/2019 and Notification No. 02/2019 CGST. And such specified registered person and goods and services are not yet notified by the government.
As per your query, RCM on inward supplies from URD is deferred to 30/09/2018.
Provision of section 9(4)- liability of GST under reverse charge on inward supply from unregistered has only been deffered till 30th Sep 2019.
but Services covered under section 9(3) ie GTA, Advocate Services when avail , the RCM has to be done .
So No need to pay GST on RCM.
Provision of section 9(4)- liability of GST under reverse charge on inward supply from unregistered has only been deffered till 30th Sep 2019.
but Services covered under section 9(3) ie GTA, Advocate Services when avail , the RCM has to be done .
So No need to pay GST on RCM.
Recent Topic
- Presumptive taxation for freelancer
- Section 194DA
- CPA for US tax
- LTCG on unlisted foreign shares acquired in inheri
- SBI Funds Management IPO Allotment on July 17: Lis
- PF Final settlement shown in Salary Form 16 FY 26-
- ITR3 online utility: Part B TTI is populating fiel
- Sale of rural agriculture land
- How to show Capital Gain on gifted property
- TIS Glitch Alert : inflated summary
Related Topics
CAclubindia
