Purchases From URDs

176 views
User Avatar

Student
191 Points Posted on 23 November 2021
Hello Experts, I am a trader of readymade Garments and my purchases garments are from unregistered dealers. Am I liable to pay RCM on such Purchases? Experts please guide.
0 Reply Share Follow
On 23 November 2021 at 02:35 Report
Replies (2)
Quick Summary
This discussion addresses whether a trader of readymade garments is liable to pay Reverse Charge Mechanism (RCM) on purchases made from unregistered dealers. The consensus from experts is that no RCM is payable in such scenarios.

User Avatar

GST Consultant
15986 Points Posted on 23 November 2021
No you are not liable to pay under RCM
Reply
On 23 November 2021 at 08:31
User Avatar

Chief Accountant
3150 Points Posted on 29 January 2022
Not required to pay RCM
Reply
On 29 January 2022 at 17:58

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. APPLICABILITY AND BREAKDOWN OF GST COMPLIANCE ON S
  2. Advance for supply of goods
  3. Question for members: how do you manage client doc
  4. Clarification Required on Invoicing and Receipt of
  5. SEBI Registered VS NSDL Registered RTA
  6. Income tax or capital gain tax for Resident Indivi
  7. PCIT-1 Thane Email address
  8. CA Fees deduction for non audit case allowed?
  9. 5th Letter PAN Mismatch with Surname issues still
  10. Criteria to hire an article

More recent discussions | Post

Related Topics :

Loading