Is Reverse Charge applicable on the Registered Recipient of Service /Goods FOR EVERY TRANSACTION entered into with an unregistered supplier of Service/Goods? Or is it applicable only on the list of Services /Goods mentioned in the List liable for reverse Charge as declared by the Council on 19th May 2017...?
RCM are covered by Sec. 9(3) of CGST Act i.e. cases were Government has specified the list of services under RCM (at present there are 12 services). and also covered by sec. 9(4) of CGST Act i.e. if Registered dealer required to deposit Tax under RCM on receipt of supply from URD, subject to Rs. 5,000/- daily limit per supplier.
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