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REVENGE CHARGE MECHANISM

vairavan (accountant) (44 Points)

01 August 2021

RCM IS NOW ACTIVE OR NOT PLEASE REPLY IF YES KINDLY SHARE NOTIFICATION

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6 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 01 August 2021

Yes RCM is active

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CA Altamush Zafar (GST Consultant) (15966 Points)
Replied 01 August 2021

Yes rcm is very much applicable. Refer section 9(3) of cgst act and 5(3) of igst act along with notifications

Sateesh Kumar (199 Points)
Replied 02 August 2021

RCM 9(4)

i am Kashif (372 Points)
Replied 02 August 2021

Yes active

RENU SHARMA (1388 Points)
Replied 02 August 2021

Yes RCM is applicable section 9 (3) and (5)

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CA Akshay Hiregange (Partner - Audit & Assistance) (4515 Points)
Replied 02 August 2021

9(4) is active, but requirement to pay RCM on purchase from unregistered persons is presently applicable only to real estate sector and not applicable to all registered assessees. It was removed from 13th October 2017 and has not been functional since (other than for real estate).