if a registered Pvt co. purchases material from an unregistered person who is not liable to get register under GST, in that case co. would required to pay gst under rcm?
secondly if the material purchased for improvement/minor repairs of fixed assets. Then what would be the treatment under rcm.???
thanks in advance
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GST under RCM
Replies (15)
ITC can be availed over GST paid for repairs and maintainance.
Rcm has been removed from 13th Oct to 31st March, except specified services like GTA, so good purchased from URD, will not attract Rcm
even if the turnover of the company is greater than 2 crore???? rcm is rescind??
Rcm totally removed, immaterial of turnover..
(even if the turnover of the company is greater than 2 crore???? rcm is rescind??)
Yes...
U/s 9(4) of the CGST act suspended from 13th October to 31st March 2018. Rcm not applicable above said specified dates without threshold limit....
So, You don't want pay tax under RCM basis for the suspended periods...
Yes...
U/s 9(4) of the CGST act suspended from 13th October to 31st March 2018. Rcm not applicable above said specified dates without threshold limit....
So, You don't want pay tax under RCM basis for the suspended periods...
sir Raja P M, Rcm on specified services like GTA is still applicable, immaterial of turnover...is it true...?
| Originally posted by : Anil Lahoti | ||
 |
sir Raja P M, Rcm on specified services like GTA is still applicable, immaterial of turnover...is it true...? |  |
Yes.... Still applicable...
GTA is u/s 9(3). Also Sec 9(3) related RCM is still applicable
https://www.cbec.gov.in/resources//htdocs-cbec/gst/reverse-charge-mechanism-08aug2017.pdf;jsessionid=3D722654B0D920735B6F00C6DAB9ADAA
if those materials purchase for capitalise the fixed asset can i take itc .
repairs and maintenance is service ,that's itc also can i take input
| Originally posted by : pradeep kumar | ||
|
if those materials purchase for capitalise the fixed asset can i take itc . | |
Yes... Based on some related rules is applicable...
Please refer Sec 17........
| Originally posted by : pradeep kumar | ||
|
repairs and maintenance is service ,that's itc also can i take input | |
Yes... You can...
if no RCM where to enter purchase details from unregistered person .is it exempted purchase ?. we collect tax from customer?or directly enter sales details with tax in gstr 3b?
@ Mr manoj pendikatla.,
No need show it anywhere of the GST returns... After selling you ll show it in GSTR 1
Is RCM removed on import of services also?
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