RCM applicablilty when supply made by registered dealer.

RCM 274 views 2 replies
hello, I have few queries.

Query 1:

if a registered dealer supplies notified goods(cashew nuts) described under section 9(3), to a registered recepient, then does RCM apply to the recepient? coz supply of notified goods are subject to reverse charge therefore recepient is liable to pay gst. Or forward mechanism can be opted since the seller is registered.

should the invoice of seller contain cgst sgst as with supply of normal goods or just mention taxable amount subjected to RCM?
Replies (2)
RCM is compulsory therefore recipient will pay tax. Invoice may contain GST amount with note that RCM applicable but gst will not be recovered by supplier.
thanks.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Threads
Loading