RCM ON URD PURCHASES OF GOODS

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27 Points Posted on 30 September 2021
can we pay RCM on goods purchase from URP
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On 30 September 2021 at 22:43 Report
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Quick Summary
Reverse Charge Mechanism (RCM) on purchases from Unregistered Dealers (URD) is not universally applicable. It only applies to specific goods or services notified by the government and supplied by notified persons. Therefore, not all goods bought from URD are subject to RCM. You should only pay RCM if it is explicitly applicable to your specific purchase.

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196 Points Posted on 30 September 2021
Yes u can pay
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On 30 September 2021 at 23:22
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GST Practitioner & Accounts
15150 Points Posted on 01 October 2021
RCM is not applicable in all cases , only in case of Goods or services notifyed by the GOVT on notifyed persons .
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On 01 October 2021 at 08:30
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CMA
13117 Points Posted on 01 October 2021

Not all the goods purchased from URP are covered under RCM. You can pay if applicable.

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On 01 October 2021 at 10:16
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Chief Accountant
3150 Points Posted on 29 January 2022
No RCM on purchases from URD except promoter (real estate) business
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On 29 January 2022 at 18:00

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