Is Gst on RCM needs to paid on unregistered purchase? Or it is still deferred
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Quick Summary
This discussion clarifies the application of GST's Reverse Charge Mechanism (RCM) on purchases from unregistered suppliers (URD). While generally not applicable, RCM is mandatory for certain notified taxpayers, including builders and developers involved in construction businesses. The conversation aims to provide examples and a clear understanding of these specific scenarios.