Reverse charge

Reverse charge in case of supplies from unregistered supplier as specified in section 9(4) of the CGST Act  is suspended .However specifies entries covered under reverse charge is still contiued.

sir from 01/04/2018 daily limit of 5000/- for urd purchase is applicable or not ?

sir from 01/04/2018 daily limit of 5000/- for urd purchase is applicable or not ?

Purchase from your URD is not taxable under reverse charge till 30.06.17.

I beg to Differ Mam. The section is 9(4) and not 9(3).Section 9(3) is still contiued.

""RCM on goods purchased from unregistered dealer u/s 9(3) postponed till 30 June.""

Respected mam CA Rashmi Gandhi banswara & Sir CA Somil Bhansali 


 

its 30th june 2018 or 2017

i want to know there was 5000/- daily limit for rcm & later it was suspended .

that 5000/- daily limit for purchase from unregistered dealer is applicale from 2018-2019 or still sespended.

thnaks in advance  

 

Purchase from unregitered supplier is exepmt from payment of tax without any Limit ie reverse charge sepcified under section 9(4) is not applicable.Section 9(4) is suspended till 30.06.18.

Fo example ,say even if you purchase goods  of  Rs 35000 in day from unregitered supplier then also you are not required to pay tax under RCM in such case till 30.06.18.

Originally posted by : Hiten Shah
	reverse charge except transport was suspended previously what is current scenario from 1st April , it has came in effect.....?

Reverse Charge Mechanism (in case of supplies made by unregistered persons to registered persons) delayed till 1st July 2018

Originally posted by : Gurwinder Singh
	sir from 01/04/2018 daily limit of 5000/- for urd purchase is applicable or not ?

No, delayed till 1st July 2018

 

Originally posted by : Gurwinder Singh
	""RCM on goods purchased from unregistered dealer u/s 9(3) postponed till 30 June.""   Respected mam CA Rashmi Gandhi banswara & Sir CA Somil Bhansali    its 30th june 2018 or 2017   i want to know there was 5000/- daily limit for rcm & later it was suspended . that 5000/- daily limit for purchase from unregistered dealer is applicale from 2018-2019 or still sespended.   thnaks in advance

It is 30th June 2018, and daily limit of 5,000 is suspended till 30th June, 2018.

ok thanks to all 

Originally posted by : Gurwinder Singh
	ok thanks to all

Most Welcome

Purchase from unregitered supplier is exepmt from payment of tax without any Limit ie reverse charge sepcified under section 9(4) is not applicable.Section 9(4) is suspended till 30.06.18.   Fo example ,say even if you purchase goods  of  Rs 35000 in day from unregitered supplier then also you are not required to pay tax under RCM in such case till 30.06.18.

Read more at: https://www.caclubindia.com/forum/reverse-charge-456337.asp?offset=1