Whether reverse charge applicable on purchase of furniture in cash from unregistered dealer

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We have purchased furniture worth Rs 16,000 from unregistered dealer. We want to know what will be the accounting treatment as well as whether reverse charge applicable. 

We know entry will be

Furniture and fixtures dr

To cash

But confused with regard to reverse charge applicability. 

 

Replies (2)
What is your business ?

As RCM on Purchase from unregistered dealer u/s 9(4) of CGST Act, 2017 is applicable only case of Promotor / developers for Specified Goods Only.
For others it's not applicable.
No..... no RCM is applicable


CCI Pro

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