a gst registered composite scheme dealer purchases of old gunnyies from URD persons.
question:
dealer RCM applicable for URD persons of old gunnyies in gst act.
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Purchases from URD persons for old gunnies
Replies (3)
RCM is not applicable
No Sir RCM will not be applicable for you...
The Provisions of RCM U/s 9(4) of the CGST Act 2017 has been amended vide the CGST Amendment Act 2018 w.e.f 01/02/2019. Now RCM on Purchase from URD is applicable only on notified "specified goods" procured by "specified. persons".
Old gunnyies is not a specified goods for the purpose of RCM on Purchase from URD.
The Provisions of RCM U/s 9(4) of the CGST Act 2017 has been amended vide the CGST Amendment Act 2018 w.e.f 01/02/2019. Now RCM on Purchase from URD is applicable only on notified "specified goods" procured by "specified. persons".
Old gunnyies is not a specified goods for the purpose of RCM on Purchase from URD.
No RCM Applicable
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