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
Menu
Reverse charge issue
Replies (5)
No Not covered under Rcm
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
Interstate IGST is applicable
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.
Rcm applicable for the vehicle purchased from a Govt organization by auction.
In this transaction IGST Tax applicable.
Has RCM not been deferred from September 2018?
Yes its deferred ...but on 9(4) inward supply from urd .
& Section 9(3) was never defferred & above cover under same
Recent Topic
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
Related Topics
CAclubindia
