RCM On Gold Purchase

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58 Points Posted on 19 February 2021
Pls Clarify RCM Applicability on Gold Purchase From Un Registered Persons.
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On 19 February 2021 at 21:25 Report
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Quick Summary
This discussion clarifies the applicability of the Reverse Charge Mechanism (RCM) on gold purchases made from unregistered persons. Experts confirm that RCM is not applicable in this scenario, as this provision was removed on 14th October 2017.

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Practicing in GST and MSME
1985 Points Posted on 19 February 2021
I don't think, RCM is applicable in this case. Let's see what other experts say.
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On 19 February 2021 at 21:45
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GST Consultant
15986 Points Posted on 20 February 2021
No RCM.
Rcm was done away with for purchase from unregistered persons in your case since 14th October 2017
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On 20 February 2021 at 12:17

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