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Reverse charge issue

RCM 390 views 5 replies
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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

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On 19 May 2019 at 20:42 Report
Replies (5)
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CA Final student
7106 Points Posted on 19 May 2019
No Not covered under Rcm
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On 19 May 2019 at 22:35
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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
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On 20 May 2019 at 00:47
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"Do the Right Thing...!!!"
128152 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.
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On 20 May 2019 at 06:54
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Employee at Tata Industries Ltd-DHP
25 Points Posted on 20 May 2019

Has RCM not been deferred from September 2018?

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On 20 May 2019 at 10:33
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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
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On 23 May 2019 at 01:19


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