Is RCM applicable on unregistered purchases for all items or only certain items ?
5 Replies
Nilesh
(Nagpur)
(11 Points)
Replied 08 June 2020
For cement purchase and capital good it is applicable
however for other expenses it need to be 80% of total expenses for other registered person
eg. if 65% purchase is from reg. person then only on 15% expenses RCM will be applicable
however for other expenses it need to be 80% of total expenses for other registered person
eg. if 65% purchase is from reg. person then only on 15% expenses RCM will be applicable
Account Bird
(157 Points)
Replied 08 June 2020
Conclusion Is that, there in no any RCM Applicable on URD Purchases
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 09 June 2020
No RCM Applicable....
If the Purchaser is Developer/Promotor , then yes any inward supply from URD the RCM is applicable .
(Refer Noti 7/2029 CT (R))
If the Purchaser is Developer/Promotor , then yes any inward supply from URD the RCM is applicable .
(Refer Noti 7/2029 CT (R))
KRISSHNAN KP
(4215 Points)
Replied 09 June 2020
RCM due will be generated in hand's of registered dealer time to time on the unregistered purchase of goods or services
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