RCM Applicability

Page no : 2

Chandra Kant Parmar (Employee) (28 Points)
Replied 12 October 2017

RCM will not applicable if our turnover will be less then 1.5 cr.. then 1.5 cr should be our last financial year turnover or last month turnover or from last month to back financial year ?

Vinod Araveti (Practicing CA) (1180 Points)
Replied 12 October 2017

In the reacent Govt has not prescribed to whom RCM liability is not applicable. we are waiting for the official notification on that for more clarity. 


Avinash Jeevan Dsouza (Assistant In Charge Accountant)   (3292 Points)
Replied 13 October 2017


Vinod Araveti (Practicing CA) (1180 Points)
Replied 13 October 2017

Today govt. has issued notification no.38 of CGST ( rate ). As per that RCM is not applicable on all URD purchases from today onwards upto 31.03.2018



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