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gst query for RCM zero rated

Rate / HSN codes 345 views 6 replies
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Accounts Officer
141 Points Posted on 07 July 2017
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.
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On 07 July 2017 at 21:28 Report
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PROPRIETOR
141 Points Posted on 07 July 2017
if the rate of GST is Nil then you need not pay GST at the time of purchase
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On 07 July 2017 at 21:43
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Accounts Officer
141 Points Posted on 07 July 2017
but my GST rate is 18% for catering foods
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On 07 July 2017 at 21:53
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Accounts Officer
141 Points Posted on 07 July 2017
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.
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On 07 July 2017 at 21:55
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Accounts Officer
141 Points Posted on 07 July 2017
RCM will applicable ??
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On 07 July 2017 at 21:55
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Practice
4510 Points Posted on 07 July 2017

You have not required to pay tax in this case

 

 

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On 07 July 2017 at 22:00
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PROPRIETOR
141 Points Posted on 07 July 2017
if what u purchase is exempt from tax then u need not pay for RCM
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On 07 July 2017 at 22:28


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