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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This discussion clarifies the Goods and Services Tax (GST) implications when purchasing raw cotton directly from farmers. It confirms that the Reverse Charge Mechanism (RCM) applies in such cases. Specifically, Notification No. 43/2017 of Central Tax, under Section 9(3) of the CGST Act, mandates RCM for registered persons buying raw cotton from agriculturists.

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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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