NILL rate goods purchase from unregistered dealer RCM applicable or not
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RCM on GST
Replies (4)
No...... RCM on inward supply from URD is deferred to 30/09/2019 by Vide Notification 22/2018 CT (r)
No if nil rated purchase than RCM not applicable if taxable good purchased than RCM APPLCABLE
agreed with pankaj sir
YOU YOURSELF DENOTS THAT IT IS NIL RATED TAX . HOW CAN YOU SAY IT IS NILL RATED GOODS. FIRST YOU MENTION NAME OF THE COMMEDITY WHICH COME NIL RATED TAX GOODS. MORE OVER RCM G.O IS WHETHER IT IS EFFECT FROM RETROSPECTIVE OR PROSPECTIVE DOES NOT MENTIONED. IT IS DEBATABLE ISSUE
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