is RCM will applicable on purchase of soybean from urd
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Quick Summary
This discussion clarifies the applicability of the Reverse Charge Mechanism (RCM) under GST for the purchase of soybeans from an Unregistered Dealer (URD). It confirms that RCM is generally not applicable to such transactions, as specific goods and services are designated for RCM, and soybean purchases from URD are not currently among them. Therefore, no RCM liability arises in this scenario.