banner_ad

Reverse charge issue

RCM 383 views 5 replies
User Avatar

Gst Practicion
702 Points Posted on 19 May 2019

I have purchased one old vehicle from govt organisation by auction. So in this situation 1.whether it coming under rcm or not?
2. If it under rcm, what rate of gst?
3. If it purchased from outside state it what types of gst charging, I mean sgst or igst?

Please clear this issue

Reply Share Follow
On 19 May 2019 at 20:42 Report
Replies (5)
User Avatar

CA Final student
7106 Points Posted on 19 May 2019
No Not covered under Rcm
33 Reply
On 19 May 2019 at 22:35
User Avatar

GST Practitioner
55067 Points Posted on 20 May 2019
As per Notification 36/2017 CT (R) , yes its cover under RCM , Recipient of such supplies is liable pay GST on RCM basis (Under Section 9(3))

Interstate IGST is applicable
301 Reply
On 20 May 2019 at 00:47
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 20 May 2019
Yes.. I agreed to Mr Pankaj Rawat's view.

Rcm applicable for the vehicle purchased from a Govt organization by auction.

In this transaction IGST Tax applicable.
463 Reply
On 20 May 2019 at 06:54
User Avatar

Employee at Tata Industries Ltd-DHP
25 Points Posted on 20 May 2019

Has RCM not been deferred from September 2018?

Reply
On 20 May 2019 at 10:33
User Avatar

GST Practitioner
55067 Points Posted on 23 May 2019
Yes its deferred ...but on 9(4) inward supply from urd . & Section 9(3) was never defferred & above cover under same
301 Reply
On 23 May 2019 at 01:19


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details