|
RCM ON
SERVICES
|
|
#
|
SAC
|
WEF^{@}
|
Type of
Service
|
Supplier
|
Recipient
|
Rate
|
|
1
|
Any
|
01-07-17
|
Import of
Service
(When - Supplier is Outside India
- Recipient is In India
- PoS is In India)
(Intermediary Services liable WEF 30-03-26)
|
Person located in a
Non-Taxable Territory
|
Person located in the Taxable
Territory -IMPORTER
|
See NN 08-2017 ITR
|
|
2
|
996511
|
01-07-17
|
Goods
Transport Services By Road
|
GTA
(Who has not Opted for
Forward Charge)
|
Any Registered Person under
GST / Factory /Society / Co-op Society / Body Corporate /Partnership Firm /
AOP / Casual Taxable Person
(Who Pays to GTA)
|
5%
|
|
Note: 1) The Option is with
GTA either to go with FCM or RCM. If GTA has opted FCM, then it'll be under
Forward Charge
2) RCM on GTA Services is Not applicable to CG / SG / Local Authority / Govt
Agencies who is registered only for GST-TDS
3) Unregistered Recipient (say Individual), other than specifically listed as
"Recipient" as above, are exempted from RCM (Entry 21A NN 12-2017
CTR)
4) GTA Services by Road for Agriculture Produce, milk, salt, food grain,
flour, pulses, rice, newspapers etc. are exempted (Entry 21 NN 12-2017 CTR)
|
|
3
|
996601
|
01-10-19
|
Renting
of Passenger Transport Vehicle
- When Cost of Fuel is included
|
Any person Except body
corporate
(Who has not opted for 18%
Forward Charge)
|
Body Corporate
|
5%
|
|
|
Note: 1) The Option is with
Supplier either to go with 18% or 5%. If Supplier has opted 18%, then it'll
be under Forward Charge
2) ITC to the recipient is not eligible (unless the Approved seating capacity
of the vehicle is > 13)
|
|
4
|
9982**
|
01-07-17
|
Legal Services
(In any Branch of law, Say GST)
|
By Advocate or Firm of
advocate
|
Business Entity
|
18%
|
|
|
Note: Business Entity having
Turnover below 40L / 20L / 10L and not required to get registration - is also
exempted from paying RCM of Legal Services
(Entry 45 NN 12-2017 CTR)
|
|
5
|
Any
(for
Royalty:
997337)
|
01-07-17
|
Any Services Supplied by CG,
SG, UT or
Local Authority (Including ROYALTY
Payment to Govt)
EXCEPT:
1) Renting of Immovable Property
2) Postal Department's Services
3) Aircraft of vessel Services
4) Transport of Goods / Passengers
|
CG, SG, UT or Local
Authority
|
Business Entity
|
See NN 11-2017 CTR
|
|
6
|
997211/
997212
|
25-01-18
|
Renting of Immovable Property
by CG,
SG, UT or Local Authority
(Except by Indian Railways)
|
CG, SG, UT or Local
Authority
|
Any Registered Person
|
18%
|
|
7
|
997211
|
18-07-22
|
Renting of Residential
Property
(Use can be Any - Residential / Commercial)
|
Any person
|
Any registered person
|
18%
|
|
Note: If Such Residential
Property is taken on Rent to by a "Proprietor" for his personal
Use, then it’s exempted (Entry 12 NN 12-2017 CTR)
|
|
8
|
997212
|
10-10-24
|
Renting of Commercial Property
(Any Immovable Property, Except
Residential Property)
|
Any unregistered person
|
Any registered person
(Except Composition Tax Payer)
|
18%
|
|
Note: If Supplier of Renting
of Commercial Property is Registered, then It'll be Under Forward Charge
|
|
9
|
998525
|
01-01-19
|
Security Services
|
Any person
(Except body corporate)
|
Any registered person
|
18%
|
|
Note: 1) RCM on Security
Services is Not applicable to CG / SG / Local Authority / Govt Agencies who
is registered only for GST-TDS.
2) RCM on Security Services is Not applicable to Composition Taxable Person
|
|
10
|
9983**
|
01-07-17
|
Services supplied by a
Director
|
Director
|
Company / Body Corporate
|
18%
|
|
Note: 1) Services Provided
only "In the Capacity of Director" will be covered (Circ 201-2023
Dt. 01-08-23)
2) if Such Director on Employment and TDS is deducted u/s 192, then Sch-III
Item, No GST (Circ 140-2020 Dt. 10-06-20)
|
|
11
|
9971**
|
01-07-17
|
Services supplied by an
insurance agent
|
An insurance agent
|
Person carrying on insurance
business
|
18%
|
|
12
|
997159
|
27-07-18
|
Services by INDIVIDUAL DSAs
(other than Body Corporate / P'ship / LLP)
|
INDIVIDUAL DSAs
|
Bank / NBFC
|
18%
|
|
13
|
997159
|
01-01-19
|
Services by Business
Facilitator (BF)
|
Business Facilitator (BF)
|
Bank
|
18%
|
|
14
|
997159
|
01-01-19
|
Services by Agent of Business
Correspondent (BC)
|
Agent of business
Correspondent (BC)
|
Business Correspondent
|
18%
|
|
15
|
998215 /
Any
|
01-07-17
|
Services supplied by an
Arbitral Tribunal
|
An Arbitral Tribunal
|
Business Entity
|
See NN 11-2017 CTR
|
|
16
|
998397
|
01-07-17
|
Sponsorship Services
|
Any person
(Except body corporate)
|
Body Corporate / P'ship firm
|
18%
|
|
17
|
998599
|
01-07-17
|
Services supplied by a
Recovery Agent
|
Recovery Agent
|
Bank / Financial Institution /
NBFC
|
18%
|
|
18
|
997332
/ 33
|
01-07-17
|
Transfer / permitting the use
/
enjoyment - of a Copyright
|
Music composer,
photographer, artist, or
the like
|
Music company, producer or the
like
|
18%
|
|
19
|
997334
|
01-07-17
|
Transfer / permitting the use
/
enjoyment - of a Copyright
|
Author
(Except those Author Who
Opted Forward Charge)
|
Publisher
|
18%
|
|
20
|
Any
|
13-10-17
|
Supply of services by the
members of
Overseeing Committee to RBI
|
Members of Over-seeing
Committee
|
RBI
|
See NN 11-2017 CTR
|
|
21
|
997119
|
01-10-19
|
Services of lending of
Securities
|
Lender
|
Borrower
|
18%
|
|
|
|
|
|
|
|
|
|
RCM ON
GOODS
|
|
#
|
HSN
|
WEF
|
Type of
Goods
|
Supplier
of Goods
|
Recipient
of Goods
|
Rate
|
|
1
|
0801
|
01-07-17
|
Cashew nuts, not shelled or
peeled
|
Agriculturist
|
Any registered person
|
5%
|
|
2
|
14049010
|
01-07-17
|
Tendu Leaves
|
Agriculturist
|
Any registered person
|
18%
|
|
3
|
2401
|
01-07-17
|
Tobacco Leaves
|
Agriculturist
|
Any registered person
|
5%
|
|
4
|
5201
|
15-11-17
|
Raw cotton
|
Agriculturist
|
Any registered person
|
5%
|
|
5
|
33012400
/ 2510
|
01-10-21
|
Essential Oils
|
Any Unregistered Person
|
Any registered person
|
5%
|
|
6
|
33012520 /
30 / 40 / 90
|
01-10-21
|
Essential Oils
|
Any Unregistered Person
|
Any registered person
|
18%
|
|
7
|
5004 /
5006
|
01-07-17
|
Silk yarn
|
Any person who
manufactures silk yarn
|
Any registered person
|
5%
|
|
8
|
Any
|
01-07-17
|
Supply of lottery
|
State Govt / UT / Local
Authority
|
Lottery distributor or selling
agent
|
40%
|
|
9
|
Any
|
13-10-17
|
Used vehicles / seized goods /
used
goods / scrap
|
CG / SG / UT / Local
Authority (Except Indian
Railways)
|
Any registered person
|
See NN 09-2025 CTR
|
|
10
|
Any
|
28-05-18
|
Priority Sector Lending
Certificate
|
Any registered person
|
Any registered person
|
18%
|
|
11
|
72 to 81
|
10-10-24
|
Metal scrap
|
Any unregistered person
|
Any registered person
|
18%
|
|
Note: Generally, if Supplier’s
100% Turnover falls under RCM, he is not required to take Registration even
if ATTO exceeds 20L / 40L (NN 05-2017 CT).
The said benefit is not available to Metal Scrap Supplier (NN 24-2024 .
10-10-24). Upon Registration, such Transaction will fall under FCM.
|
|
|
|
|
|
|
|
|
|
RCM for
PROMOTOR - BUILDER
|
|
#
|
HSN / SAC
|
WEF^{@}
|
Type of
Goods / Service
|
Supplier
|
Recipient
|
Rate
|
|
1
|
9972**
|
01-04-19
|
Transfer of Development Rights
/
FSI / Long term lease of land (30 years
or more)
|
Any person
|
Promoter
(Residential / Commercial - Any)
|
18%
|
|
Note: 1) For Residential
Projects - RCM is applicable Proportionally - only for those apartments which
remains un-booked on the date of completion (Entry 41A 12-2017 CTR)
2) For Residential Projects - RCM @18% on TDR / FSI etc. shall not exceed 1%
/ 5% of the consideration value of un-booked apartments (Entry 41A 12-2017
CTR)
3) RCM Liability required to be discharged at the time when the completion
Certificate has been issued (NN 06-2019 CTR)
|
|
2
|
Any
|
01-04-19
|
Supply of Any Goods or
Services Except
TDR / FSI / Long-term Lease of Land
(When Such Purchase from Registered Person Falls short of 80% of Total
Purchase)
|
Unregistered
|
Promoter of Residential
Real-Estate Project (RREP)
|
FLAT RATE
18%
|
|
3
|
2523
|
01-04-19
|
Cement
|
Unregistered
|
Promoter
(Residential / Commercial - Any)
|
18%
|
|
4
|
Any
|
01-04-19
|
Capital Goods
|
Unregistered
|
Promoter of Residential
Real-Estate Project (RREP)
|
See NN 09-2025 CTR
|
