SRIDARAN V 03 June 2020
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.
Shivam RC (Student) 03 June 2020
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.
Pankaj Rawat (GST Practitioner) 03 June 2020
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.