Rcm From 01.10.2019

watch_later 7 months, 4 weeks ago


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 7 months, 4 weeks ago

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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