How to get back rcm tax amount
This query is : Open
Gopalakrishnan. S
(Querist)
03 October 2017
Sir,
One of my friend is trading in sale of Rice ( Non Branded ) and other exempted goods. He is paying rent for his premises and the landlord is not registered under GST. Now, for the payment of rent, he has admitted RCM and have paid the tax due on it. Since all his sales are with exempted goods, how can he get the reimbursement of tax paid on RCM ? Kindly explain.
One of my friend is trading in sale of Rice ( Non Branded ) and other exempted goods. He is paying rent for his premises and the landlord is not registered under GST. Now, for the payment of rent, he has admitted RCM and have paid the tax due on it. Since all his sales are with exempted goods, how can he get the reimbursement of tax paid on RCM ? Kindly explain.
CA Rashmi Gandhi
(Expert)
03 October 2017
You can claim refund of RCM Tax paid on rent.
03 October 2017
Dear CA RASHMI GHANDHI MAM,
MY ANSWER IS CORRECT OR NOT...???
MY ANSWER IS CORRECT OR NOT...???
CA Rashmi Gandhi
(Expert)
03 October 2017
Yes correct
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