No........ the RCM applies to registered dealer not to unregistered.....
Section 9(3) of CGST act, "Levy & Collection" in case of Reverse Charge
1. The Government may, on the recommendations of the Council, by notification, specify categories of supply of goods or services or both, the tax on which shall be paid on reverse charge basis by the recipient of such goods or services or both and all the provisions of this Act shall apply to such recipient as if he is the person liable for paying the tax in relation to the supply of such goods or services or both.
and 9(4) of CGST act "Levy & Collection" in case of Reverse Charge
2. The central tax in respect of the supply of taxable goods or services or both by a supplier, who is not registered, to a registered person shall be paid by such person on reverse charge basis as the recipient and all the provisions of this Act shall apply to such recipient as if he is the person liable for paying the tax in relation to the supply of such goods or services or both.
Note the dfference......
Yes....... 'If required to pay under RCM' ......... means for such goods or services as applicable u/s. 9(3) of CGST....... (which are specifically notified under RCM)...... and not for services from URD as under section 9(4) of the CGST act....... (as it is not applicable to URD)
![]() |
if not so , what would be the case where buyer and supplier both are unregistered | ![]() |
Not mandatory to register for intrastate supplies (unless for specifically notified good/services) till turnover upto 20/10 lakhs.......
Dear Sir.,
How to we Get RCM related tax as ITC...?
I think its not to benefit. Bcoz, First of we pay the tax in Cash for the purchase (URD). After we take ITC as Our Payment. So, What is the exact benefits...?
I think no more benefits and Loss. Its first pay cash (add +) next get (less - ) as ITC for the same amount. It's the same as depreciation / SB account interest...
Please correct i'm wrong or right...!
My Pleasure
@ S. ELAVARASI........ Yes, you are correct, but that is true for normal tax payer. Composition traders do not get ITC but pay under RCM........... still it should have been made easier.......
Your are not logged in . Please login to post replies
Click here to Login / Register
ADY & CO.
New Delhi
Graduate (Any)
View Details
Abic and Mani Chartered Accountants
Kottayam
B.Com
View Details
RMA And Associates LLP
New Delhi
CA Inter
View Details
AJAY SINGH AND CO LLP
Thane
CA Final
View Details
CCI
Pro
India's largest network for
finance professionals