Menu
RCM section 9(4)
which are those specified goods or services, the tax on which is paid under RCM in section 9(4). kindly provide the name .
Replies (3)
Quick Summary
Freight
Freight, i.e. GTA services are covered under Section 9(3).
9(4) - presently real estate sector has been classified for discharging liability on URD purchases and cement purchases based on certain conditions as per notification - 07/2019-Central Tax (rate)
In Addition to Reply by CA Akshay :
As per Notification 7/2019 CT (R) , Minimum 80% procurements of Input(goods) /Input Services from Registered dealer else on short fall the RCM is applicable. But after that Notification 24/2019 CT (R) being issued the limit of 80% on cement done to 100%
Notification 7/2019 CT (r) also includes capital goods (100% procurement from Registered dealer else RCM applicable)
In short For Cement & Capital Goods the minimum limit is 100%
As per Notification 7/2019 CT (R) , Minimum 80% procurements of Input(goods) /Input Services from Registered dealer else on short fall the RCM is applicable. But after that Notification 24/2019 CT (R) being issued the limit of 80% on cement done to 100%
Notification 7/2019 CT (r) also includes capital goods (100% procurement from Registered dealer else RCM applicable)
In short For Cement & Capital Goods the minimum limit is 100%
Recent Topics :
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
Related Topics :
CAclubindia
