Zerolev — Indirect Tax Master

Master Chart on RCM under GST (With Rates & HSN/SAC)

Abstract: This consolidated thesis and master chart explains the Reverse Charge Mechanism (RCM) under GST — statutory basis, goods & services notified under RCM (with commonly used HSN/SAC codes and indicative GST rates), compliance steps, decision flow, sectoral notes and practical guidance for businesses and practitioners.

Master Chart on RCM under GST (With Rate and HSN/SAC)

Comprehensive Zerolev reference — up to date with major notifications and practical tips.

1. Statutory & Policy Foundation

RCM is rooted in Section 9(3) (notified supplies taxed on recipient) and Section 9(4) (supplies from unregistered persons where notified) of the CGST Act, with IGST Act counterparts for inter‑state supplies. Notifications (e.g., Notification No. 13/2017‑Central Tax (Rate), Notification No. 4/2017‑Central Tax (Rate), and subsequent amendments) define specific goods/services and recipients. Policy goals: secure revenue from high‑risk/unorganized sectors, reduce evasion and use large recipients as compliance anchors.

2. How RCM Works — Quick Mechanics

  • Recipient pays GST (cash ledger) and reports in GSTR‑3B.
  • Recipient can claim ITC only after payment and satisfying Section 16 conditions.
  • Self‑invoice required where supplier is unregistered.
  • RCM entries must be reconciled monthly; non‑payment can attract interest and penalties.

3. Master Chart — Goods (Commonly Notified Items)

Below table lists commonly notified goods under RCM with indicative HSN and rates. This is illustrative — always verify latest notifications for edge cases.

Goods / DescriptionCommon HSNUsual SupplierRecipient under RCMIndicative GST Rate
Cashew nuts (not shelled/peeled)0801Agriculturist/Small supplierRegistered buyer (manufacturer/trader)5%
Bidi wrapper leaves (tendu leaves)1404Forest/tendu gathererBidi manufacturers5%
Tobacco leaves2401AgriculturistRegistered tobacco buyer5%
Raw cotton5201Farmer/Unregistered supplierRegistered textile/processing unit5%
Silk yarn (not put up for retail sale)5004Supplier in silk tradeRegistered purchaser5%
Lottery (State Government)9504State/State authorised boardDistributor/agent28%
Scrap & certain metals (notified cases)7204 / othersUnregistered sellersRegistered recyclers/industry buyers18%

Note: Some goods vary by notification and may be state‑specific. Rates shown are indicative — consult latest CBIC notifications for definitive position.

4. Master Chart — Services (Broadly Notified Categories)

Services notified under RCM are numerous. The table below aggregates core categories, typical SAC codes and indicative rates; practitioners should maintain a dynamic RCM list in ERP to capture future amendments.

Service DescriptionCommon SACTypical SupplierRecipient LiableIndicative Rate
Goods Transport Agency (GTA) services9965GTA operatorsRegistered consignees / any notified recipient5% (small value) / 12% optional)
Legal services (advocates / firms)9982Advocates / Law firmsBusiness recipients / corporate18%
Security services (manpower supply)9985Security agenciesRegistered recipients18%
Director’s remuneration / director services9983Directors (individual)Company / body corporate18%
Services by recovery agents to banks/NBFCs9985Recovery agentsBanks / NBFCs18%
Sponsorship services9983SponsorsBody corporate / partnership firms18%
Renting of motor vehicles (non-corporate owner)9966Individual / non-corporate lessorBody corporate5%
Copyrights, royalties in certain cases9983 / 9972Authors, rights holdersPublishers, producers12% / 18% (case specific)
Import of services (foreign supplier)VariesForeign vendorIndian recipientIGST @ applicable rate

Note: Many service categories include exclusions and conditions — e.g., GTA rules differ by invoice type/consignment value; renting may be rate‑specific. Always cross‑check latest CBIC circulars and notifications.

5. RCM: Sectoral Notes & Practical Traps

Construction / Real Estate: Builders often face RCM on supplies from unregistered contractors/suppliers and on TDR/FSI/DTC transfers. Valuation & timing of ITC are common dispute areas.

Financial Services: Banks and NBFCs must track RCM on recovery/legal/agent services; reconciliation with payments and ITC claims is vital.

Manufacturing: Raw material receipts from small or agricultural suppliers may attract RCM (e.g., raw cotton); vendor due diligence and self‑invoice protocols required.

6. Compliance Checklist for Businesses

  1. Maintain a dynamic RCM register (vendor-wise) in ERP.
  2. Issue self‑invoices for supplies from unregistered suppliers promptly.
  3. Pay RCM in cash ledger and record payment voucher references.
  4. Report RCM correctly in GSTR‑3B (Table 3.1(d)) and claim ITC under proper heads.
  5. Reconcile RCM entries monthly and retain documentary proof for ITC (receipts, contracts, delivery proofs, self‑invoices).
  6. Train procurement teams to flag potential RCM suppliers during vendor onboarding.

7. Decision Flow — Quick RCM Logic

RCM Decision Flow (simplified)

1. Is the supply of goods/services listed under Section 9(3) notifications? -> YES -> RCM applies (if recipient is notified)
2. If NO, is the supplier unregistered and supply falls under 9(4) notified categories? -> YES -> RCM applies
3. Is the supply an import of services? -> YES -> IGST under RCM
4. Is the recipient a specified class (company/body corporate/registered person)? -> Check notification conditions
5. If uncertain -> take conservative position: treat as potential RCM, obtain supplier details and advise recipient to discharge tax until clarity
          

8. Common Disputes & Litigation Themes

Frequent litigious issues include: (a) whether a particular service falls within a notified category (interpretation disputes), (b) valuation at which RCM should be paid (especially in composite supplies), (c) time of supply and interest liabilities, (d) ITC denial where conditions not strictly met, and (e) applicability of Section 9(4) vs general exceptions.

9. Practical Recommendations

  • Maintain vendor KYC that captures registration status and GSTIN snapshots periodically.
  • Embed RCM tax codes in procurement systems to auto‑flag transactions requiring self‑invoices.
  • Keep a small working capital buffer for RCM cash outflows—ITC can be claimed later but payment is upfront.
  • Engage tax counsel for high‑value or ambiguous categories (TDR, used goods, cross‑border services).

10. Conclusion

RCM is a potent compliance lever in GST, essential to bring informal or high‑risk supplies within the tax net. Its dynamic nature requires businesses to be vigilant, maintain updated vendor data, and design processes that ensure timely payment and ITC reconciliation. A well‑maintained RCM master chart (mapped to HSN/SAC and rate columns) in corporate ERPs reduces errors, prevents interest/penalty exposure, and improves GST governance.

Prepared by Zerolev — Indirect Tax Master

Note: This master chart is an illustrative consolidated reference; always verify applicability against the latest CBIC notifications, state advisories and legal precedents before taking tax positions.