Amit
(Accounts Manager)
(109 Points)
Replied 24 June 2017
Yes, as per my under standing if registered person makes any transaction with unregistered person, RCM is applicable.
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 24 June 2017
Acc to Sec 17(5) of CGST Act, ITC is not allowed for food and beverages ex-tea, refreshment.. But RCM is applicable on these, if purchased from unregd dealer. So, it is an exp, u have to pay tax but no credit allowed
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 24 June 2017
RCM-Reverse Charge Mechanism
CAclubindia
