Is RCM applicable on unregistered purchases for all items or only certain items ?
Menu
RCM APPLICABLE ?
Replies (5)
Quick Summary
RCM Applicable on PROMOTERS Services only
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
Conclusion Is that, there in no any RCM Applicable on URD Purchases
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))
RCM due will be generated in hand's of registered dealer time to time on the unregistered purchase of goods or services
Recent Topics :
- Online PAN Download: Check How?
- Demand of Late fee/Interest under section 75 of GS
- DSC registration on TRACES portal
- Can we get registered for MCA if we get a Virtual
- DONATION PAYMENT REG
- GST IDS Refund – Statement 01A: Invoice Not
- TDS deposit code & TDS return
- AIS VS GST Mismatch- FY 2025-26
- Gross total income
- Export Compliance
Related Topics :
CAclubindia
