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Kapas(cotton purchase)

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2193 Points Posted on 02 January 2021
If we purchase cotton from farmers then we have to pay Gst ( RCM)

regards,
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On 02 January 2021 at 14:35 Report
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32 Points Posted on 02 January 2021
Yes..
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On 02 January 2021 at 16:41
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2193 Points Posted on 02 January 2021
@ saurabh malani please provide section/act?

regards,
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On 02 January 2021 at 17:28
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32 Points Posted on 02 January 2021
Yes. As per the Notification No. 43/2017 dated 29/11/2017 of Central Tax, if the registered person purchased raw cotton from an agriculturist, purview of rule u/s 9(3)of CGST act eill be applicable
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On 02 January 2021 at 17:30
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2193 Points Posted on 03 January 2021
Ok thanks👍
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On 03 January 2021 at 12:04


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