What is applicable Reverse charges on URD Purchase?
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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.