My friend is a dealer in animal feeds which is NIL rated supply. He will buy from a manufacturer (inter-state) and goods transport to his godown by registered gta . The transport charges will be around Rs.1,35,000 to Rs.1,40,000 per trip. So he needs to pay GST under RCM? If yes, whether he can claim ITC and get a refund on ITC later?
and also upply of fish medicine which came in gst taxable.
Having regard to your case :
1- Your Friend need to pay GST under RCM (he can't set off with his available ITC)
2- No Refund if Tax is Exempted or Nil under Inverted duty structure
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