Purchase from farmers
Vageesh Tavarad (Accountant) (140 Points)
16 July 2017
How to do accounting in a dealer purchase agri product from Farmer No GST? or RCM is applicable?
6 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178001 Points)
Replied 16 July 2017
No RCM on agri produce, as nil rate. Prepare bill of supply and take their affirmation with any ID.
Ganesh
(Business)
(26 Points)
Replied 18 July 2017
what if the product is a taxable products? For eg. Spices attract 5% GST
RAKSHIT MEHTA
(tax consultant)
(114 Points)
Replied 18 July 2017
SIR, WHAT ABOUT AGRICULTURAL PRODUCT WHICH ARE TAXABLE, SUCH AS PRODUCTS FALLING UNDER CHAPTER 12(OIL SEEDS), WHICH ARE BEEN TAXED @ 5%. IS RCM APPLICABLE?
RAKSHIT MEHTA
(tax consultant)
(114 Points)
Replied 18 July 2017
SIR, WHAT ABOUT AGRICULTURAL PRODUCT WHICH ARE TAXABLE, SUCH AS PRODUCTS FALLING UNDER CHAPTER 12(OIL SEEDS), WHICH ARE BEEN TAXED @ 5%. IS RCM APPLICABLE?
Recent Topics
- Clarity regarding Sec 16(4)
- GST ON HOTEL ROOMS details
- Relief for Delayed Filing of Tax Forms
- Expire stock
- INCOME TAX AY 25-26
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
Related Threads
CAclubindia
