RCM on Scrap plastic goods.

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161 Points Posted on 02 December 2022
One registered person purchased Plastic scrap from un registered person, RCM applicable not applicable, and rate of scrap.
plz share u r valuable information.
thank you
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On 02 December 2022 at 12:40 Report
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Quick Summary
This discussion clarifies the applicability of the Reverse Charge Mechanism (RCM) on the purchase of plastic scrap. It confirms that RCM is not applicable when scrap is bought from an unregistered dealer, as per relevant GST notifications. However, the unregistered person is still liable to charge the full GST rate on the supply.

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Student CA Final
422 Points Posted on 03 December 2022
Hi Sadik,

RCM is not applicable if scrap material is purchased from an unregistered dealer as per Notification no. 36/2017- Central Tax Rate dated 13-10-2017.

Thanks
Bhavana K L
Chartered Accountant
bhavana @ lbkca.in
L B K & Associates
1 Reply
On 03 December 2022 at 12:18
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161 Points Posted on 03 December 2022
Bhavana KL tq madam.
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On 03 December 2022 at 16:01
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Student CA Final
422 Points Posted on 03 December 2022
Welcome
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On 03 December 2022 at 20:35
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Profession
28261 Points Posted on 04 December 2022
Unregistered person has to be charged full gst rate.
regards
EASY ACCOUNTING AUDIT TAX SOLUTIONS
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On 04 December 2022 at 10:20

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