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

anshul aggarwal

anshul aggarwal (Expert)
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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

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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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

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RAJA P M

RAJA P M (Expert)
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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...