banner_ad

RCM Applicable

463 views 8 replies
A registered dealer made purchases of old iron, plastic scrap etc. from un-registered persons, the same goods are sold to registered dealers.
In this connection RCM applicable or not his purchases. pl clarify with any amendment in this regards.
Replies (8)
No RCM not applicable , however you please confirm with others also .
RCM not applicable
The Provision of Reverse Charge Mechanism ( RCM ) under Section 9(4) of the CGST Act 2017 is not applicable at your case.

Section 9(4) has been amended vide the CGST Amendment Act 2018 and it is now applicable only on notified goods and for notified suppliers.
Sir Right now RCM is applicable on PROMOTERS only.
All Other categories are not covered in RCM.
Yes .... agree with above replies, RCM on inward supply from URD has been kept in abeyance vide Notification 38/2017 CT (R) & Section 9(4) being substituted vide GST Amendment Act, 2018 , stating , council will specify the class of person & category of goods on which RCM shall be applicable & as per Notification 7/2019 CT(R) , the class of person is Real Estate "Promotor"

So in your case No RCM Applicable.
Thanks to all
Your most Welcome Sir...🙏
Yes it is true


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details