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Reverse Charge Mechanism
Whether the registerd tax payer has to pay on rcm basis when he purchases machinery (worth 10 lakhs) from un-registered delear
Replies (7)
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.
no need to pay rcm on that.
No need to pay GST on RCM
I have a doubt whether ITC can be taken by the registered delar, when the machinery purchased from un-registered delar
No way to claim ITC purchased from Unregistered dealer.
When unregistered dealer does not have gst registration, then how can he charge gst.
When unregistered dealer does not have gst registration, then how can he charge gst.
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.
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.
No GST can charged by Unregistered dealer, then no question arises about ITC.
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