sir, do the exempted goods purchase from unregistered dealer for more than 5,000/- per day attract RCM sec.
Thanks.
No RCM applicable.
As per latest amendments, RCM shall be paid on specified supplies and by specified categories of person.
However government has not specified anything yet and hence no RCM for purchase from unregistered dealer
R P S K & Associates
Nashik
CA Inter
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O P Bagla & Co LLP
New Delhi
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