GST under RCM

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

211715 Points Posted on 07 November 2017

ITC can be availed over GST paid for repairs and maintainance.

Anil Lahoti

88 Points Posted on 07 November 2017

Rcm has been removed from 13th Oct to 31st March, except specified services like GTA, so good purchased from URD, will not attract Rcm

Chander Pal Singh

PROPRIETOR

73 Points Posted on 07 November 2017

even if the turnover of the company is greater than 2 crore???? rcm is rescind??

Anil Lahoti

88 Points Posted on 07 November 2017

Rcm totally removed, immaterial of turnover..

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 07 November 2017

(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...

Anil Lahoti

88 Points Posted on 07 November 2017

sir Raja P M, Rcm on specified services like GTA is still applicable, immaterial of turnover...is it true...?

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 07 November 2017

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

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........

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 07 November 2017

Originally posted by : pradeep kumar
	repairs and maintenance is service ,that's itc also can i take input

Yes... You can...

manoj pendikatla

13 Points Posted on 07 November 2017

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?