IF WE BUY GOODS FOR EX. LIKE ELECTRIC SUB MERCIBLE PUMP OR ITS PARTS FROM UNREGISTERED DEALER OR MFG. SHOULD PURCHASER HAVE TO PAY TAX ON THAT OR IT IS NOT TAXABLE IN THE HANDS OF PURCHASER?
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TAX ON GOODS PURCHASED FROM UNREGISTERED DEALER
Replies (3)
Will you be taking input tax credit?
IN INVOICE THRE WILL NOT BE ANY TAX MENTIONED. HOE HOW CAN WE CLAIM ITC?
No RCM is applicable.
As section 9(4) has been applicable only on devloper (Ref : Notification 7/2019 CT rate)
Thus need not have to pay tax on RCM
As section 9(4) has been applicable only on devloper (Ref : Notification 7/2019 CT rate)
Thus need not have to pay tax on RCM
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