Rcm From 01.10.2019


Anonymous
watch_later 1 month, 1 week ago

Sir,

One gst registered dealer purchases goods  from URD w.e.f. 01.10.2019  RCM applicable.

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1 Answer

Rohit Prabhu watch_later 1 month, 1 week ago
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Hi everyone,

RCM is applicable w.e.f. 01.10.2019 if One GST registered dealer purchases goods  from URD (unregistered dealer).

Various notifications have been issued by CBIC, notifying numerous changes with effect from 01.10.2019. These notifications hace been issued to implement decisions taken at 37th GST Council meet at Goa on 20.09.2019.

Following services shall attract payment of tax under Reverse Charge mechanism.

(i) Copyright services provided by Music composer, photographer, artist, or the like or author shall attract tax on reverse charge basis.

(ii) Renting of motor vehicle to body corporate.

(iii) Services of lending of securities under Securities Lending Scheme, 1997 (“Scheme”) of Securities and Exchange Board of India (“SEBI”).

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    Is RCM applicable from 01.10.2019 for Shop Rent ?, - Basheer PM
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