A dealer have purchased the rough stone blocks from unregistered sources and manufacturing the stone jelly and stone powder sold to customers.
The rough block stone purchases are eligible to RCM or not under GST.
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RCM Eligible or not.
Replies (6)
Your query is not cleared...
but,
Rcm not applicable for the purchase of stones...
but,
Rcm not applicable for the purchase of stones...
Pl. any experts guide me
Ask Your query correctly or Elobrate Your query with details...
RCM u/s 9(4) of the CGST Act 2017 is now applicable only for specific goods. I don't think stone is a specified goods. Cement is specified but not rough stones.
Hence RCM should not be applicable.
Hence RCM should not be applicable.
Thanks. pl specify the circular if any
It's Notification 7/2019 CT (R)
Applicable only when Recepient is Promotor/developer
Applicable only when Recepient is Promotor/developer
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