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under reverse charge rate of tax

Rate / HSN codes 323 views 3 replies
usually a registered dealer takes services and goods from unregistered persons which are taxable at different rates and some are exempted and some are out of preview of GST . and benefit of total tax paid under RCM will be allowed or not like exp on food
Replies (3)
if u purchase from URD .exempted r not covered goods under gst ....no need to pay tax under RCM ..Because in gst return hsn code will identify whether exempted r not.??
the tax rate of that commodity is the rate of tax under RCM
You won't be getting the credit for food, however if you purchase stationary, etc you'll get the credit,. There's a list for which credit will not be available. Refer sec 17(5)


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