Rcm on cotton seed
Prateek Jain (14 Points)
19 January 2021
We have paid Freight on purchase of Cotton seed, whether RCM is applicable on the payment of freight?
3 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 19 January 2021
Yes applicable. You have to pay 5% u/s 9(3)
S P
(102 Points)
Replied 20 January 2021
RCM is applicable and credit can also be availed on the same
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