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RCM IN PURCHASE UNREGISTERED PARTY


ajay devgan   10 November 2020

ajay devgan

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kya unregistered se goods PURCHASE krne pr rcm jama hogaplz reply
agar nahi hoga to use kaha dikhana hoga GSTR 3B ME ?
PLZ REPLY ALL OF SIR JI
JATINDER KUMAR

JATINDER KUMAR (Accountant)     10 November 2020

JATINDER KUMAR
Accountant 
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No RCM if goods purchased from URD
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ajay devgan

ajay devgan   10 November 2020

ajay devgan

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BUT SIR GSTR 3B ME KAHA PR show krna hai
Shivam RC

Shivam RC (Student)     10 November 2020

Shivam RC
Student 
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Reverse Charge Mechanism ( RCM ) on Purchase from Unregistered Dealer [ Section 9(4) of the CGST Act 2017 ] is now applicable only on "Specified Goods or Services" procured by "Specified Person" from Unregistered Dealer. Section 9(4) has been amended vide the CGST Amendment Act 2018.

As of now only transaction related to "REAL ESTATE SECTOR" is covered under RCM on Purchase from URD. Promoter / Developer is a notified person. For example, if a Developer purchases Cement from an URD, then the developer is liable to pay tax @ 28% under RCM by virtue of Section 9(4).

So aapko RCM ma tax nahi jama dena parega...

And isska reporting aapko TABLE No. 5 [ Value of Exempt, Nil Rated and Non GST Inward Supplies ] of FORM GSTR-3B me karna parega...

Regards.
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ajay devgan

ajay devgan   10 November 2020

ajay devgan

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Thanks u very much sir ji
Shivam RC

Shivam RC (Student)     10 November 2020

Shivam RC
Student 
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Always Welcome Sir...
Happy to help you...
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