RCM ON RESTAURANT BUSINESS
This query is : Resolved
05 September 2020
GST charged by a Restaurant is 5%
Purchases from Unregistered dealer is say Rs 10000/-
Now my query is :-
(1) What will be the RCM rate on Rs 10000 ?
(2) and is ITC available on this RCM .. ?
Purchases from Unregistered dealer is say Rs 10000/-
Now my query is :-
(1) What will be the RCM rate on Rs 10000 ?
(2) and is ITC available on this RCM .. ?
06 September 2020
There is no RCM on purchases from uregistered dealers under section 9(4) currently.
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