applicability OF rcm
This query is : Resolved
04 October 2017
Is RCM is applicable to all supplies where supplier unregistered or only if the supplier engaged in business of without registered
04 October 2017
RCM is of two type. Sec 9(3) & 9(4). First type of RCM is applicable in respect of services / goods listed. Second type Sec 9(4) RCM is applicable in all cases where a registered dealer purchases any taxable goods / services from a unregistered dealer.
05 October 2017
Yes... I agreed with Mr CA AJAY KUMAR AGRAWAL.,
The above said two types RCM is basically in GST rule...
Also your above said way is both are consider as URD...
Ex: The gold business to consumer. Also the consumer exchange his old gold to new. Here the consumer is URD...
So, A RD received from supplies except RD the all are treat as URD supply as based on the Rule...
05 October 2017
Yes under first type of RCM u/s 9(3) it does not matter whether the supplier is registered or not. For example, goods tranport agency is listed u/s 9(3), even if it is registered the recipient of their services is liable for RCM. The second type ofRCM u/s 9(4) is more general one and it is applicable only if supplier is unregistered. Also the benefit of Rs 5000/- per day exemption is not allowed in case of section 9(3) and is allowed under section 9(4).
05 October 2017
Yes under first type of RCM u/s 9(3) it does not matter whether the supplier is registered or not. For example, goods tranport agency is listed u/s 9(3), even if it is registered the recipient of their services is liable for RCM. The second type ofRCM u/s 9(4) is more general one and it is applicable only if supplier is unregistered. Also the benefit of Rs 5000/- per day exemption is not allowed in case of section 9(3) and is allowed under section 9(4).
06 October 2017
respective expert my Question is if supplier not a business entity then RCM is applicable or not
07 October 2017
Now dont worry. RCM u/s 9(4) has been deferred upto 01-04-2018.
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