RCM liability
Yogesh (Finance Controller) (104 Points)
25 July 2017
when we purchase unregistered delar, is RCM liability liable.
2 Replies
chamarthi venkatesh
(Student CA Articleship)
(848 Points)
Replied 25 July 2017
Yes, If you purchase goods or services of value more than 5000 rupees from an unregistered dealer, you have to pay the tax under RCM and issue invoice to the unregistered dealer.
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