RCM turnover
Basavaraj (B.Com) (49 Points)
26 June 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(176622 Points)
Replied 26 June 2017
If you are registered dealer and purchasing any goods or services from unregistered dealer (with turn over less than 20 lakhs), then RCM applies. You have to pay GST first, then you can avail its ITC.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India