Is RCM to be paid for purchases made from URD from 01.10.19 ??
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RCM from 1st October 2019 from purchase from URD
Replies (7)
No...
RCM is not applicable on URD purchases..
As per Notification it was deffered only till 30.09.2019
As per Notification 7/2019 CT. (R)
RCM on inward supply .from URD is applicable only on Developer/Promotor subject to condition prescribed.
RCM on inward supply .from URD is applicable only on Developer/Promotor subject to condition prescribed.
Here m talking about purchase from URD above 5000. Is RCM applicable from 01.10.19 ?
No................................................
NO .It is applicable for specified class of registered persons which will be notified by the government .However , the notification to bring the Act into effect is yet to issued
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