A builder who is engaged in construction of residential complex, purchase cement, Bricks and other material from a URP , liable to pay RCM on such
purchases ? He is paying tax @ 5% without claiming ITC.
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RCM on Purchase
Replies (1)
Yes RCM is applicable .
In case of Cement the rate of RCM is 28%
(Refer Notification 7/2019 CT (R))
In case of Cement the rate of RCM is 28%
(Refer Notification 7/2019 CT (R))
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