RCM applicability under GST

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Student
360 Points Posted on 02 February 2020
what is the limit of purchasing or incurring expenses from unregistered GST dealer without GST or attracting the RCM?
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On 02 February 2020 at 15:36 Report
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This discussion clarifies the rules around Reverse Charge Mechanism (RCM) for purchases from unregistered GST dealers. Generally, there's no limit for purchases from unregistered persons, and RCM doesn't apply. However, specific conditions and limits exist for those in the real estate business making such purchases.

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GST Consultant
15986 Points Posted on 02 February 2020

At present there is no limit for purchasing from unregistered persons. No RCM is applicable for purchases made from unregistered persons. However if the person is engaged in real estate business and purchases goods and services from unregistered person then RCM is applicable subject to certain conditions and limits.

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On 02 February 2020 at 16:13
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Student
360 Points Posted on 02 February 2020
Thank u sir
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On 02 February 2020 at 16:17

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