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reverse charge
whether reverse charge applicable on MRP products...
Replies (8)
It is immaterial. MRP products had no barring on RCM. Mainly if a RD receives supply from URD and total URD purchases exceed 5000/ a day then RD will pay GST on Bea
half of URD .
There is a list issued by CBEC of 12 categories of supplies. on which GST is to be paid by recipient
half of URD .
There is a list issued by CBEC of 12 categories of supplies. on which GST is to be paid by recipient
correct agree with chatra
no sir, I am saying if I am purchasing a bottle of coak from unregistered dealer...and my 5000 limit had crossed so whether we have to deposit reverse charge on coak bottel...and we alrea
we have already paid tax..because MRP of coak include GST amount
Yes you have to pay gst on the amount you have purchased
if we will pay reverse charge on coke bottel then it's cascading effect because we have already paid gst on same..which is included in the MRP
There is no cascading effect because what we pay ad RCM is available to us as ITC. So pay and claim ITC
the price of coke bottel is RS.35 and GST was included in the same price...if we will pay reverse charge on RS. 35 then we also calculate tax on including GST amount
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