Hi,
We are in the business of buying red chillies (tax rate 5%) from the farmers and then supplying it to the exporters. Now we have to apply RCM on the purchases made from the farmers as the purchases are from the unregistered person.
One of our client is asking us to impose just .1% IGST on the goods instead of 5% as he will export those goods..
Now I have 2 questions:
1. Can I issue invoice with .1% IGST?
2. If I provide .1% IGST invoice then how can I claim the CGST and SGST deposited at the time of purchase on RCM basis.
Regards,
Mohak
CAclubindia
