falling under schydule 3 things is it liable for rcm u/s 9(4)

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..... falling under schydule 3 things is it liable for rcm u/s 9(4)
Query (Issue) Started By: - NEAR STAND Dated:- 4-8-2020 Last Reply Date:- 5-8-2020 Goods and Services Tax - GST
Got 3 Replies
GST
respected sir when we are falling under SCHEDULE 3 beause of we sale our building after complition and thats why we have not paid rcm under sec. 9(4) for labour which was from unregistrd so wheth .....

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..... er we should pay or not rcm Reply By KASTURI SETHI: The Reply: W.e.f. 1.4.19 only specific services have been brought under Section 9(4) for the purpose of RCM. Only promotors have been brought under RCM vide Notification No.6/19-CT(R) dated 29.3.19 effective from 1.4.19. Prior to 1.2.19, RCM was applicable to all supplies received from unregistered persons. Reply By NEAR STAND: The Reply: But .....

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..... sir before 13/10/2017 9(4) is applicable so our clients get notice to pay rcm on labor actually our clients sale whole building after completion Then is it required to pay rcm because our service was falling under schedule 3 ?? Please sir give ur feedback Reply By KASTURI SETHI: The Reply: Section 9(4) was kept in abeyance for the period from 13.10.17 to 30.9.19. Notification No.8/17-CT(R) da .....

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..... ted 28.6.17 and 32/17-IT(R) dated 13.10.17 have been rescinded w.e.f. 1.2.19 due to amendment in Section 9(4) of CGST Act. Exemption to all registered persons was allowed w.e.f. 13.10.17 vide Notification No.38/17-CT(Rate) dated 13.10.17. Now the question arises for the period prior to 13.10.2017. You have received manpower supply from an unregistered person. This service is different and does no .....

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..... t fall under Schedule-III. So tax is payable under RCM for the period from 1.7.17 to 12.10.17. When tax is not payable (How to save tax as per GST Law) (1) Under RCM tax is payable when payment is made to the supplier or 60 days from the date of issue of invoice. Thus if tax invoice was issued to the supplier (of manpower) on or after 14.8.17 and if payment was not made before 13.10.17, the time .....

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..... of supply will be on or after 13.10.17.Hence GST will not be payable under RCM. So the date of issue of invoice and date of making payment both are very important for you in order to save tax as per GST law.
Discussion Forum - Knowledge Sharing .....

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