Reverse Charge Mechanism

351 views
User Avatar

95 Points Posted on 05 February 2019
Whether the registerd tax payer has to pay on rcm basis when he purchases machinery (worth 10 lakhs) from un-registered delear
0 Reply Share Follow
On 05 February 2019 at 11:15 Report
Replies (7)
User Avatar

Partner - Audit & Assistance
3708 Points Posted on 05 February 2019

No he does not need to. RCM under section 9(4) CGST Act & 5(4) IGST Act are liable only to notified list of persons who would be liable to such RCM. Presently, no such list has been notified, which means, No RCM liability for purchases from unregistered person.

Reply
On 05 February 2019 at 11:21
User Avatar

CA Final student
4750 Points Posted on 05 February 2019
no need to pay rcm on that.
Reply
On 05 February 2019 at 13:50
User Avatar

11239 Points Posted on 06 February 2019
No need to pay GST on RCM
Reply
On 06 February 2019 at 00:14
User Avatar

95 Points Posted on 06 February 2019
I have a doubt whether ITC can be taken by the registered delar, when the machinery purchased from un-registered delar
Reply
On 06 February 2019 at 17:20
User Avatar

11239 Points Posted on 06 February 2019
No way to claim ITC purchased from Unregistered dealer.
When unregistered dealer does not have gst registration, then how can he charge gst.
Reply
On 06 February 2019 at 17:30
User Avatar

ACCOUNTING/TAX CONSULTANCY AND ITR/GSTR
102 Points Posted on 07 February 2019
No you cannot take ITC
Concept of ITC Comes only when you paid GST on purchases...
Since you are purchasing from Unregistered Dealer so you are not paying any GST at all...
hence the question of getting ITC not at all arises.
Reply
On 07 February 2019 at 13:34
User Avatar

Tax assistant
122 Points Posted on 07 February 2019

No GST can charged by Unregistered dealer, then no question arises about ITC.

Reply
On 07 February 2019 at 13:52

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. 12A registration expired in FY 22-23 and is not re
  2. Seeking Clarification on Business Code Selection a
  3. CG on property sold after construction of a house
  4. Nursing Home Taxability
  5. CA opted for Form 10IEA mistakenly - Demand raised
  6. Query on scenario related to FAST DS 2026
  7. Audit Executive (Remote, India) - Ace Auditing Off
  8. GST Transaction On Used Clothing
  9. ITC availed on 5%-rate passenger transport (AC bus
  10. Extension of Due Date of AY 2026-27

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details