Regarding RCM
Prakash Chandra (191 Points)
05 October 2019
Limit For RCM on Unregistered Purchase Goods and Services
2 Replies
Ashish Bansal
(CA)
(1036 Points)
Replied 05 October 2019
There is no limit for GST liability under RCM.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 06 October 2019
RCM is prescribed in Section 9(4) & 9(3).
Section 9(4) is on inward supply from URD , & As of Today the same has been applicable only on Promoter /Developer. (Refer Notification 7/2019 ,CT (r)
Section 9(3) is on inward supply of Goods & Services , for the same the Notification 13/2017 CT (r) is issued prescribing RCM on services & Notification 4/2017 CT. (R ) on Goods
Eg Services : GTA, Advocate,DSA, renting of Motor Vehicle, sponsorship etc
Goods : Cashew Nuts, bidi wraper, tobocco leaves, silk yarn (From Agriculturist. )
Section 9(4) is on inward supply from URD , & As of Today the same has been applicable only on Promoter /Developer. (Refer Notification 7/2019 ,CT (r)
Section 9(3) is on inward supply of Goods & Services , for the same the Notification 13/2017 CT (r) is issued prescribing RCM on services & Notification 4/2017 CT. (R ) on Goods
Eg Services : GTA, Advocate,DSA, renting of Motor Vehicle, sponsorship etc
Goods : Cashew Nuts, bidi wraper, tobocco leaves, silk yarn (From Agriculturist. )
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