RCM FOR URD EXPENSES

[shivashankar mr]

Sir,

may I know the list of expenses. on which expenses RCM is applicable for URD expenses

AI Summary

Reverse charge mechanism on unregistered purchases triggers GST liability for recipients under applicable thresholds and rules.
Reverse charge liability on supplies from unregistered persons is governed by Section 9(4) of the CGST Act and related notifications; in the real estate context, purchases from unregistered persons exceeding the statutory purchase threshold in a financial year attract RCM at the applicable rate, and promoters must pay GST on construction inputs such as cement procured from unregistered suppliers as specified by law.