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?
Vageesh Tavarad (Accountant) (140 Points)
16 July 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(169087 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?
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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