RCM on Mineral sources
This query is : Resolved
07 June 2025
Our business is House Constructions. Shoud I pay tax under RCM for purchase of Sand, Stones, Gravel, Granite etc. eventhough purchased from GST suppliers? Recently I have been received a notice. Pls explain me anyone. Advance Thanks.
08 June 2025
You should purchase 80% of your construction material/services from registered suppliers.
If purchases from registered dealers are less than 80%, you must pay 18% GST on the shortfall.
You can claim ITC on it.
If purchases from registered dealers are less than 80%, you must pay 18% GST on the shortfall.
You can claim ITC on it.
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