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gst query for RCM zero rated
if we buy a products where zero rate GST from unregistered dealers for than 5000/- like milk curd paneer and prepared food under buffet system and sell them in corporates and apply GST on them @ 18%. whether we have required to pay GST on RCM for more than 5000/- for buy zero rated products.
Replies (6)
if the rate of GST is Nil then you need not pay GST at the time of purchase
but my GST rate is 18% for catering foods
I have purchased the raw material like vegetables, grocery in grey markets and the amount is more than 5000/- but these guys have unregistered dealers.
RCM will applicable ??
You have not required to pay tax in this case
if what u purchase is exempt from tax then u need not pay for RCM
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