No,
GST Excluding The Agriculture Product eg. Cotton, sugar can Etc. But Farmer Sale the Produt after Proccessing ( not natural proccessing) then GST applicable on thise product. and Farmer need to get GST number Respect to its Turnover.
Absolutely Right Swapnil Sir.
Sir,
If Your Finished Goods is Taxbale then you 100% get input tax credit on your RM, But your FG is Taxfree then you cannot get input tax credit on your RM.
Hence you get ITC on cotton Seeds but you cannot get ITC on cotton cake also you cannot get Refund on Taxfree goods i.e Cotton Seeds.
Thise Rule also in the GST
I hope you Satisfy.
Thank You
MY Contact 9503032236
Sir can you share any govt clarification on the same? Here CA are telling that there is RCM on kapas purchase from Farmers.
NO this is wrong! Agriculture product is out from GST and kapas is pure agriculture product so there is levy of GST. if levy is not then how can Tax Liabilities
Dear Experts
If Agri crop Purchase by commission agent from farmer Where to show in gstr 3b return because on this RCM not apply.
Thanks
SIR PLEASE CLARIFY ME WITH SOURCE FOR THAT.
IS RCM APPLICABLE FOR CHILLIES PURCHASES FROM FARMERS.
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