Is RCM applicable on unregistered purchases for all items or only certain items ?
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RCM APPLICABLE ?
Replies (5)
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
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