Cotton purchase from unregistered person RCM Applicable ?

lucky sharma (212 Points)

18 March 2019

cotton , soyabean purchase from unregistered person is RCM. applicable or not ? please suggest me

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Priya Kashyap (Student) (7048 Points)
Replied 18 March 2019

cotton , soyabean outside the purview of GSt

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Pankaj Rawat (GST Practitioner) (55030 Points)
Replied 19 March 2019

As per Notification 43/2017 CT (R) , Yes the Raw cotton purchase from Agriculturist is Under RCM .

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lucky sharma (212 Points)
Replied 19 March 2019

yess but as per 29 january 2019 notification section 9 ( 3 ) & 9 (4) rcm is suspended until 30 september 2019 so RCM is not applicable in any goods

Priya Kashyap (Student) (7048 Points)
Replied 19 March 2019

Lucky so lucky

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lucky sharma (212 Points)
Replied 19 March 2019

yes miss priya I am and thanks 😊

venkata krishna reddy (chartered accountant) (792 Points)
Replied 19 March 2019

rcm is suspended until 30 september 2019

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