Reverse Charge on Purchase
apurva agrawal (54 Points)
14 June 2021
Is RCM payable on purchase of goods from unregistered person by registered person? Reply with notification no.
8 Replies
prasad Nilugal
(3914 Points)
Replied 14 June 2021
1) RCM not applicable as per section 9(4) of the CGST act 2017 at present .
2) RCM applicable as per section 9(3) of the CGST act 2017
1)Notification-4/ 2017( CT) dated 28/6/2017
2) Notification -07/2019 ( CT -Rate) dated 29/3/2019 .
above notifications are regarding goods only ,If any other notification you have confirm from CBIC Web site / GST/ Notification.
please confirm with others also .
2) RCM applicable as per section 9(3) of the CGST act 2017
1)Notification-4/ 2017( CT) dated 28/6/2017
2) Notification -07/2019 ( CT -Rate) dated 29/3/2019 .
above notifications are regarding goods only ,If any other notification you have confirm from CBIC Web site / GST/ Notification.
please confirm with others also .
Rajamahendra Varma M.B.A.,LL.B
(Advocate and GST Practitioner)
(245 Points)
Replied 14 June 2021
Currently, RCM not applicable on purchase from unregistered dealers other than falling u/s 9(3)
prasad Nilugal
(3914 Points)
Replied 17 June 2021
As per CGST amendment act 2018 , wherein original section 9(4) of CGST act 2017 has been omitted and same section was amended stated that " RCM will be applicable on specified goods or services or both received from an unregistered person pay tax on RCM as per recondition of council , Govt will notify .
( In short GOVT will notify regarding RCM not in all cases we have to pay tax on RCM)
you also refer Notification 1/2019 dated 29/1/19 .
( In short GOVT will notify regarding RCM not in all cases we have to pay tax on RCM)
you also refer Notification 1/2019 dated 29/1/19 .
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 17 June 2021
No, this RCM is not applicable. The provisions of section 9(4) of the CGST Act 2017 has been modified and now RCM is applicable only in case of specified goods and services from an unregistered person.
Recent Topics
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF UNCLAIMED RCM
Related Threads
CAclubindia
