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RCM APPLICABLE ?

Akshy (student) (67 Points)

08 June 2020

Is RCM applicable on unregistered purchases for all items or only certain items ?

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Account Bird (157 Points)
Replied 08 June 2020

RCM Applicable on PROMOTERS Services only

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Nilesh (Nagpur) (11 Points)
Replied 08 June 2020

For cement purchase and capital good it is applicable
however for other expenses it need to be 80% of total expenses for other registered person
eg. if 65% purchase is from reg. person then only on 15% expenses RCM will be applicable

Account Bird (157 Points)
Replied 08 June 2020

Conclusion Is that, there in no any RCM Applicable on URD Purchases

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 09 June 2020

No RCM Applicable....
If the Purchaser is Developer/Promotor , then yes any inward supply from URD the RCM is applicable .
(Refer Noti 7/2029 CT (R))

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KRISSHNAN KP (4215 Points)
Replied 09 June 2020

RCM due will be generated in hand's of registered dealer time to time on the unregistered purchase of goods or services

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