Reverse charges on URD Purchase

What is applicable Reverse charges on URD Purchase?
Replies (5)
Quick Summary
This discussion clarifies the applicability of the Reverse Charge Mechanism (RCM) on purchases from Unregistered Dealers (URDs). RCM is generally only applicable to specific goods and services, and not typically for standard trading unless the items fall under designated categories. The consensus is that RCM is unlikely to apply to your URD trading purchase unless it involves specified goods.

What is the nature of purchase?
Trading.

RCM is applicable only on specified goods and services.

RCM applicable when they are same businessun registered purchase RCM paid
@ Yati Saxena.
No RCM in your case except trading is for specified goods.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register