whether RCM will be applicable if a dealer only have exempt supplies.
if applicable, can he take refund of the ITC of RCM?
Yes, RCM wherever applicable is to be paid by the dealer, and ITC over it is not eligible.
Divyam Goel (Chartered Accountant) (36 Points)
21 June 2019
Hemant Deshmukh
(student)
(286 Points)
Replied 22 June 2019
Yes, RCM wherever applicable is to be paid by the dealer, and ITC over it is not eligible.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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