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reverse charge in gst

RCM 292 views 4 replies
Is RCM is applicable on purchase all goods from unregistered dealers or there is any list of goods like in services. Further it is applicable to all registered dealers
Replies (4)

All the goods with nil tax rate or exempted under GST will not be included under RCM, otherwise YES.................... Yes to all registered dealers........

Thanks sir

Sir, it is in rule or act ??????

Its interpretation of act.........

Actually, Nothing has been yet prescribed for reverse charge mechanism for goods under GST. It is expected that it will follow the same treatment as reverse charge mechanism for services. The list of goods on which reverse charges apply has not yet been issued by CBEC, except purchase by RD from URD.

For more detailed study refer a very good artcle by CA. Mithun Khatry

 https://t axguru.in/goods-and-service-tax/reverse-charge-mechanism-gst.H T M L


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