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).
CAclubindia
