Rcm applicable

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101 Points Posted on 24 January 2021
i purchased wastd Scraps plastics from unregistered persons rcm applicable or not
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On 24 January 2021 at 08:34 Report
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This discussion addresses whether the Reverse Charge Mechanism (RCM) is applicable when purchasing plastic scraps from unregistered individuals. While one expert suggests it's generally not a taxable commodity, they advise checking government resources for definitive guidance. Another participant confirms that RCM is not applicable in this scenario.

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106 Points Posted on 24 January 2021
Hello Rahmathullah P.
It depends on what type of scraps plastic have you purchased and for the intended purpose. As far as I know, it is not a taxable commodity.
Although, kindly check on the government site.
Thanks and Regards,
RA
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On 24 January 2021 at 08:58
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Chartered Accountant
24588 Points Posted on 24 January 2021
Agree with Leena
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On 24 January 2021 at 09:22
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GST Practitioner
55067 Points Posted on 26 January 2021
No no RCM Applicable.
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On 26 January 2021 at 23:11

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