RCM section 9(4)
hemant kaushik (40 Points)
13 April 2020
which are those specified goods or services, the tax on which is paid under RCM in section 9(4). kindly provide the name .
3 Replies
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4515 Points)
Replied 13 April 2020
Freight, i.e. GTA services are covered under Section 9(3).
9(4) - presently real estate sector has been classified for discharging liability on URD purchases and cement purchases based on certain conditions as per notification - 07/2019-Central Tax (rate)
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 13 April 2020
In Addition to Reply by CA Akshay :
As per Notification 7/2019 CT (R) , Minimum 80% procurements of Input(goods) /Input Services from Registered dealer else on short fall the RCM is applicable. But after that Notification 24/2019 CT (R) being issued the limit of 80% on cement done to 100%
Notification 7/2019 CT (r) also includes capital goods (100% procurement from Registered dealer else RCM applicable)
In short For Cement & Capital Goods the minimum limit is 100%
As per Notification 7/2019 CT (R) , Minimum 80% procurements of Input(goods) /Input Services from Registered dealer else on short fall the RCM is applicable. But after that Notification 24/2019 CT (R) being issued the limit of 80% on cement done to 100%
Notification 7/2019 CT (r) also includes capital goods (100% procurement from Registered dealer else RCM applicable)
In short For Cement & Capital Goods the minimum limit is 100%
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