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RCM APPLICABLE ON UNREGISTERED PURCHASE

Sanjay Gupta (40 Points)

23 February 2019

IS RCM APPLICABLE ON UNREGISTERED PURCHASE FROM 1ST FEB,19 OR ANY OTHER DATE OR ON WHICH ITEMS PLEASE CLARIFY

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Deepak Gupta (CA Student) (15922 Points)
Replied 23 February 2019

RCM u/s 9(4) will now be applicable only for specified class of registered persons in respect of supply of specified categories of goods or services, which is yet to be notified.

Priya Kashyap (Student) (7048 Points)
Replied 23 February 2019

rather than a blanket levy of tax on procurement from unregistered dealers under reverse charge mechanism, under cgst Amendment Act 2018 which is effective from this year 1st February where tax levied only on procurement by notified accessories but it remains to be seen that class of SSC is will be notified for this purpose which is not declared yet

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