we have purchased jungle wood from other state from unregistered person.
whether rcm is applicable on the purchase or not?
RCM ON purchase on jungle wood
Replies (20)
Quick Summary
Unregistered can not sold the goods out of state or Inter- sate , registration is compulsory if you are supplying goods out of sate , so i think you should not purchase from unregistered person , this is my opinion .
Further I would like to inform you that no question of RCM , he has to registered himself under GST and issue Tax invoice to you . Jungle wood is taxable supply .
Please take others opinion also .
U can pay RCM under IGST head
Applicable GST rates or RCM Rate????
Regular rate of tax which is applicable on outward supply, there are no specific rates under RCM
@ Koti Chunduri
what is the notification number for payment of Jungle wood under RCM ?. . well you please inform .
what is the notification number for payment of Jungle wood under RCM ?. . well you please inform .
Charging sections 9(3) and 9(4) of CGST Act speaks about RCM
But at present RCM applicable only on the notified. goods by the GOVT ,wich is under section 9(3) , and Section 9(4) not applicable at present .
Ok sir, I may be mistaken
No , Dear please note down .
Sorry , is 9(4) also applicable but on specificed person and specified goods or services notify by the GOVT .
So,shall I pay or not???
In my opinion RCM not applicable on Jungle Wood , and have to do above procedure , this my opinion , please confirm with others also .
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
Related Topics :
CAclubindia
