If we purchase cotton from farmers then we have to pay Gst ( RCM)
regards,
4 Replies
saurabh sawlani
(2191 Points)
Replied 02 January 2021
@ saurabh malani please provide section/act?
regards,
regards,
Saurabh Malani
(32 Points)
Replied 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
Recent Topics
- How to handle credit note on unclaimed ITC?
- Timing of UDIN generation
- ITC reversal when ITC wrongly claimed
- TDS on Salary Calculation Considerable Chapter VI
- Regarding rcm on rent from Oct 2024
- Ewaybill data vs GSTR 1 - GST audit case
- Bill of Supply or Tax invoice?
- Tcs claim
- INCOME TAX ON CLUB - A NON PROFITABLE ORGANISATION
- Cash limit for donation to trust
Related Threads
Trending Online Classes
-
6 days Certification Course on GST Practical Return Filing Process
CA Pratibha Goyal16 December 2024
CAclubindia
