RCM and self invoicing

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Satpal kumar (Querist)
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10 October 2017 Can any ans me that I purchase goods on 06.09.17 from a commission agent (kaccha ahartia) on I - farm with I a farm number.I -Farm shows value of goods actual rated plus commission plus labour expenses plus gaushalla exps in that case on what value that RCM applicable.In that case RCM applicable or not. if applicable then Self invoices applicable is genraated or not.Is it any provision that every month self invoice genrated if RCM payable only on last day of the month ?

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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11 October 2017 No RCM applicable as goods purchsed from farmer is nit taxable.

Dr. ShamsheerKhan

Dr. ShamsheerKhan (Expert)
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11 October 2017 Sale of production of any farm is an Agricultural product. Agricultural products which are non-branded are not taxable. Hence No question of RCM arose on these products. No matter if you purchase it from Commission agent or farmer.

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