Dinesh Vasnani 26 September 2020
Sir, my questions are,
(1). Who is liable to take mandatory registration under RCM, Supplier or Recipient?
(2). Is under section 9 (4) of CGST Act suspended or not? And 5000rs/day limit has been removed or not?
kushwanth avsr (.) 26 September 2020
1. As per section 24, Persons who are required to pay tax under reverse charge are liable to take compulsory registration in GST
2. We can't say section 9(4) is suspended as section 9(4) in the year 2017 was deferred for a temporary period and later it was ammended that section 9(4) will be applicable only for supply of SPECIFIED category of goods or services or both to SPECIFIED CLASS OF REGISTERED PERSONS. The specified goods and services and persons are notified in the notification 07/2019 CT(R) dt 29/03/2019
Sagar Patel (Tax and Business Consultant) 27 September 2020
1. In RCM tax liability is on Recipient,(that is why it's called RCM - Reverse charge) So recipient take mandatory Registration under RCM Provision.
2. Yes, Section 9(4) of CGST Act, 2017 is scrapped/removed for all except Specified person for specified Goods.