RCM on supply from unregistered person
Query (Issue) Started By: – Kaustubh Karandikar Dated:- 31-1-2019 Last Reply Date:- 4-2-2019 Goods and Services Tax – GST
Got 5 Replies
GST
What is the consequence of, The Central Board of Indirect taxes & Customs (“CBIC”) has notified that Exemption from tax under 'Reverse Charge Mechanism (RCM)' under GST stands rescinded w.e.f. February 01, 2019 in respect of Intra-state Purchases of Goods and Services from Unregistered Dealers (of value upto ₹ 5,000 per day), in view of bringing into effect, the amendments (regarding RCM on supplies by unregistered persons) in the Amended CGST\/ IGST\/ UTGST Acts 2018. Consequently Notification No. 8\/2017- Union Territory Tax (Rate), dated the 28th<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n hall be substituted, namely: = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n GST Act will also become taxable w.e.f. 1.2.19 after the goods and services are specified and registered persons are specified. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" RCM on supply from unregistered person Query (Issue) Started By: – Kaustubh Karandikar Dated:- 31-1-2019 Last Reply Date:- 4-2-2019 Goods and Services Tax – GSTGot 5 RepliesGSTWhat is the consequence of, The Central Board of Indirect taxes & Customs (“CBIC”) has notified that Exemption from tax under 'Reverse Charge Mechanism (RCM)' under GST stands rescinded … Continue reading “RCM on supply from unregistered person”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-16437","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/16437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16437"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/16437\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\n “(4) The Government may, on the recommendations of the Council, by notification, specify a class of registered persons who shall, in respect of supply of specified categories of goods or services or both received from an unregistered supplier, pay the tax on reverse charge basis as the recipient of such supply of goods or services or both, and all the provisions of this Act shall apply to such recipient as if he is the person liable for paying the tax in relation to such supply of goods or services or both.”
\nBy reading the section we can understand that the provisions of 9(4) is not applicable to all registered persons, goods and services. It is applicable only to selected categories of registered persons & G<\/p>\n
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\nReply By YAGAY andSUN:
\nThe Reply:
\nWe endorse the views of our experts.
\nReply By Praveen Nair:
\nThe Reply:
\nDear Experts
\nWith the existing notification rescinded and the new notification coming to force from 01.02.2019 and having not mentioned any details of specified registered person it is advised that the provision for RCM on unregistered person be made effective 01.02.2019 in your organization, irrespective of the type of registered person you are.
\nRegards\/Pravin
\nReply By CASusheel Gupta:
\nThe Reply:
\nAs per amendment, govt needs to notify
\n1) Class of registered persons, who shall pay tax under RCM and
\n2) <\/p>\n
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