REVERSE CHARGE MECHANISM

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129 Points Posted on 08 June 2020
we purchase chillies from Farmers, and the same sold to companies (B2B). SO IN THIS TRANSACTION IS RCM APPLICABLE.
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On 08 June 2020 at 13:44 Report
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This discussion clarifies the applicability of the Reverse Charge Mechanism (RCM) for businesses purchasing chillies from farmers and selling them to other companies (B2B). The consensus is that RCM is not applicable in this specific transaction scenario. Therefore, standard VAT rules should apply to these sales.

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1321 Points Posted on 08 June 2020
RCM is not applicable
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On 08 June 2020 at 21:18
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129 Points Posted on 09 June 2020
Thank you 😊 ❤️
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On 09 June 2020 at 06:48

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