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RCM APPLICABLE ?

RCM 309 views 5 replies
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student
67 Points Posted on 08 June 2020

Is RCM applicable on unregistered purchases for all items or only certain items ?

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On 08 June 2020 at 17:18 Report
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157 Points Posted on 08 June 2020
RCM Applicable on PROMOTERS Services only
1 Reply
On 08 June 2020 at 17:26
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Nagpur
11 Points Posted on 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
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On 08 June 2020 at 17:38
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157 Points Posted on 08 June 2020
Conclusion Is that, there in no any RCM Applicable on URD Purchases
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On 08 June 2020 at 18:08
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GST Practitioner
55067 Points Posted on 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))
2 Reply
On 09 June 2020 at 00:14
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4215 Points Posted on 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
1 Reply
On 09 June 2020 at 08:57


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