Will RCM Be attracted if a person busy Second Hand Truck (Petrol Tanker) from a unregistered (or composition Dealer) transporter.
RCM for URD Purchase of second Hand Assets
Replies (1)
You generally do not need to pay GST under the Reverse Charge Mechanism when purchasing second-hand assets (like a used truck) from an unregistered private dealer, as these transactions are not currently notified under the RCM provisions of the GST Act.
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