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RCM on GST

anji (ACCOUNTANT) (142 Points)

19 December 2018

NILL rate goods purchase from unregistered dealer RCM applicable or not

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4 Replies

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 19 December 2018

No...... RCM on inward supply from URD is deferred to 30/09/2019 by Vide Notification 22/2018 CT (r)

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Harshad Parmar (26 Points)
Replied 19 December 2018

No if nil rated purchase than RCM not applicable if taxable good purchased than RCM APPLCABLE

pritesh (CA Final student) (7101 Points)
Replied 19 December 2018

agreed with pankaj sir

RAMA RAJU RAMAIAH (Advocate-Tax consultants) (58 Points)
Replied 30 December 2018

YOU YOURSELF DENOTS THAT IT IS NIL RATED TAX . HOW CAN YOU SAY IT IS NILL RATED GOODS. FIRST YOU MENTION NAME OF THE COMMEDITY WHICH COME NIL RATED TAX GOODS. MORE OVER RCM G.O IS WHETHER IT IS EFFECT FROM RETROSPECTIVE OR PROSPECTIVE DOES NOT MENTIONED. IT IS DEBATABLE ISSUE