RCM IN PURCHASE UNREGISTERED PARTY

Follow 5 Replies

ajay devgan 10 November 2020

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 (Accountant) 10 November 2020

No RCM if goods purchased from URD

1 Like

ajay devgan 10 November 2020

BUT SIR GSTR 3B ME KAHA PR show krna hai

Shivam RC (Student) 10 November 2020

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.

1 Like