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Agriculture products rcm

573 views 4 replies

SHIV TRADERS

17 Points Joined March 2022

if i am traders purchases castor seeds from farmer and selling to Other registered dealer, Should i pay Reverse Charge on Value of purchase from farmer?

Replies (4)

Eswar Reddy S

CFO- at NHTF

58280 Points Joined August 2012

As per GST Law, there is no GST payable on Castor oil seeds. So the rate of GST payable on Castor oil seeds is nil rate

If u registered u will keep all books of accounts as per GST law.
Not registered ,u will b issues bill of supply documents to a registered dealer.if value of goods above 50000/- e way bill is mandatory for the movement of goods.

Eswar Reddy S

CFO- at NHTF

58280 Points Joined August 2012

RCM is not applicable..

Imthias ahamed Kormath

915 Points Joined July 2017

RCM not applicable,but if u issued an purchase invoice against ur inward supply from urp, ITC can not claim,which will b shown in the blocked ITC as igst paid on import goods.