Transporter payment under 5000

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Student
1374 Points Posted on 13 January 2020
Will GST under RCM be applicable if party is registered?
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On 13 January 2020 at 14:21 Report
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This discussion clarifies the applicability of GST under the Reverse Charge Mechanism (RCM) when dealing with unregistered parties, particularly for transactions under £5000. Following amendments to Section 9(4) of the CGST Act 2017, RCM now specifically applies only to 'notified goods' purchased from unregistered dealers.

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senior
175 Points Posted on 13 January 2020
First notified goods or service or both under GST act
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On 13 January 2020 at 14:29
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Student
23693 Points Posted on 13 January 2020
Section 9(4) of the CGST Act 2017 has been amended vide CGST Amendment Act 2018. Now RCM is applicable only for "NOTIFIED GOODS" purchased from Unregistered Dealer.
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On 13 January 2020 at 20:33
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Student
1374 Points Posted on 18 January 2020
Thank you
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On 18 January 2020 at 19:05

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