Gst under rcm applicable
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 October 2017
whether RCM under GST applicable on
NIL rated -
Zero rated -
Exempted services or Goods.
expenses incurred for the above said services or goods for sale or services
NIL rated -
Zero rated -
Exempted services or Goods.
expenses incurred for the above said services or goods for sale or services
02 October 2017
RCm not applicable on
nil rated
zero rated
exempted goods or services
But RCM is applicable on taxable expenses incurred for above goods or services
02 October 2017
Agreed with Anshul Aggarwal
No RCM applicable on Nil rated & zero rated supply.
Also if you take any taxable services in relation to such supplies then you have to pay tax under RCM
03 October 2017
Yes...
Agreed with Both experts replies...
RCM applicable for URD inwards and notified inward supplies. Otherwise no need RCM if you received from registered dealer and Composition dealer...
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