Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

Gst applicability on purchse from unregistered persons

Manisa (student) (103 Points)

21 July 2021

Hi all,

Is RCM applicable on purchase from farmers of Sal seeds ??

Reply
Follow
Share

6 Replies

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 21 July 2021

No there is no RCM .

Yes if you purchasing Raw cotton, Cashews nuts, bidi wrapper, tobocco leaves from agriculturist , then RCM is applicable (Notification 4, 43 CT rate)

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

Manisa (student) (103 Points)
Replied 22 July 2021

So if one is dealing with unregistered persons then RCM is not applicable ? Can u provide me the full notification so that I could refer the same as I had read somewhere that dealing with unregistered persons shall attract RCM which earlier was exempted upto ₹5000/- only.

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 22 July 2021

No, RCM not applicable. RCM applicable only on some specified commodities

1 Like

Manisa (student) (103 Points)
Replied 22 July 2021

Could u please tell me the list of specified commodities.

Kesavaraj S (578 Points)
Replied 24 July 2021

RCM is applicable for taxable commodities is purchased from unregistered person and if the commodity is exempted one then RCM is not applicable.Pls check sal seeds are taxable or exempted one.