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RCM Applicable


SRIDARAN V   03 June 2020

SRIDARAN V

 1 likes  41 points

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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.

prasad Nilugal   03 June 2020

prasad Nilugal

 129 likes  2015 points

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No RCM not applicable , however you please confirm with others also .

avater

Raj C Doshi (Practising CA)     03 June 2020

Raj C Doshi
Practising CA 
 290 likes  4116 points

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RCM not applicable

avater

Shivam RC (Student)     03 June 2020

Shivam RC
Student 
 2879 likes  22714 points

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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.

3 Like

Account Bird   03 June 2020

Account Bird

 6 likes  125 points

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Sir Right now RCM is applicable on PROMOTERS only.
All Other categories are not covered in RCM.

avater

Pankaj Rawat (GST Practitioner)     03 June 2020

Pankaj Rawat
GST Practitioner 
 3598 likes  48756 points

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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.

1 Like

SRIDARAN V   04 June 2020

SRIDARAN V

 1 likes  41 points

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Thanks to all

avater

Shivam RC (Student)     04 June 2020

Shivam RC
Student 
 2879 likes  22714 points

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Your most Welcome Sir...🙏

avater

KRISSHNAN KP   06 June 2020

KRISSHNAN KP

 448 likes  4210 points

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Yes it is true


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