Is RCM payable on purchase from unregistered dealer?

As per Sec 9(4) of CGST Act, if a registered person purchases goods/services from an unregistered dealer (URD) then the registered taxpayer is liable to pay GST on reverse charge basis( only for certain goods/services & registered persons).

On which item RCM is applicable?

In the present scenario, the reverse charge mechanism is applicable in service tax for services like Insurance Agent, Manpower Supply, Goods Transport Agency, etc. Unlike Service Tax, there is no concept of partial reverse charge. The recipient has to pay 100\% tax on the supply.

Is RCM applicable on purchase of cement?

24/2019-Central Tax (Rate) dated 30 September, 2019 RCM will be applicable on any amount of purchase of ‘Cement’ by the “promoter” from an unregistered supplier for the construction of project during the financial year, irrespective of the condition of 20/80\%, as in case of input goods and services at point 1 above …

Is RCM applicable on sand?

5 Replies. currently sec9(4) deferred up to 30.09. 2019, rcm on purchase of good or service from unregistered supplier. so no need to pay RCM on unregistered purchase of bricks., sand & jally.

Who is liable for RCM?

Section 9(5) of the CGST Act states that if a service provider uses an e-commerce operator to provide specified services, the reverse charge will apply to the e-commerce operator and he will be liable to pay GST.

Is Sand taxable under GST?

GST rate on sand is fixed at five percent. Further, bituminous or oil shale and tar sands, bitumen and asphalt, natural asphaltites and asphaltic rocks attract a GST of 18 percent. What is the GST rate on bricks? Fly ash bricks attract five percent GST.

Can a composition dealer purchase from unregistered dealer?

Yes: There is no such restriction on composition dealers to purchase goods only from registered dealers. Therefore, a composition dealer can purchase goods from unregistered dealers.