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RCM clarification

Kiran (Partner) (148 Points)

25 September 2019

Hi,
from when and for what services the registered GST supplier pays the GST on RCM for supply received from unregistered vendors

please clarify
shashi kiran

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6 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 25 September 2019

From URD supplies rcm not applicable...

In case supply received u/s 9(3) of CGST & u/s 5(3) of IGST act then rcm applicable from 1st July 2017...

Note : Rcm applicable u/s 9(4) of CGST act from 1st July 17 to 12th October 17..

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Kiran (Partner) (148 Points)
Replied 25 September 2019

The RCM under GST was suspended till 30th September 2019, so will it be in operation from 1st October for all services received from unregistered delers..

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 25 September 2019

I think No.... Wait on further Clarification from dept...

Kiran (Partner) (148 Points)
Replied 25 September 2019

Ok let's wait
thank you

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 25 September 2019

You are most welcome...

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Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 26 September 2019

RCM on supply reced from URD cover under Section 9(4) & the same has been deferred from 13/10/2017 .

As per Amendment Act 31 of 2018, the RCM on supply from URD has been applicable on Developer /promotor by vide Notification 7/2019 CT (R) & the same has been effective from 1/4/2019

Developer/Promotor are liable to Procure 80% material From Registered dealer & in capital goods its 100% & RCM is to be on any short fall