Gst under rcm applicable
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 October 2017
whether RCM under GST applicable on
NIL rated -
Zero rated -
Exempted services or Goods.
expenses incurred for the above said services or goods for sale or services
NIL rated -
Zero rated -
Exempted services or Goods.
expenses incurred for the above said services or goods for sale or services
02 October 2017
RCm not applicable on
nil rated
zero rated
exempted goods or services
But RCM is applicable on taxable expenses incurred for above goods or services
02 October 2017
Agreed with Anshul Aggarwal
No RCM applicable on Nil rated & zero rated supply.
Also if you take any taxable services in relation to such supplies then you have to pay tax under RCM
03 October 2017
Yes...
Agreed with Both experts replies...
RCM applicable for URD inwards and notified inward supplies. Otherwise no need RCM if you received from registered dealer and Composition dealer...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Gst Sales of FY 2023-24
- RCM - commercial rent paid to URP under GST
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- TDS NUMBER SURRENDER
- My Last working day in current org is in novemebr 2024 but they are asking me to submit IT proof
- Indexation benefit applicability
- SEC 54 OF IT ACT
- Passed group 2 exams under wrong gender
- REQUIREMENT OF 15CB
- QUERY FOR RCM ON RENT
- APPEAL-CIT
- Payable outstanding for years disallowance
- Whether still royalty
- Issue of gst e invoice
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
