is RCM applicable ?
if yes what is the effective date
Menu
RCM on raw cotton purchase from farmers
Replies (2)
Yes. As per the Notification No. 43/2017 dated 29/11/2017 of Central Tax, if the registered person purchased raw cotton from an agriculturist, purview of rule u/s 9(3)of CGST act eill be applicable.
Yes, Buying cotton (kapas) HSN 5201 by registered person from farmers (unregistered persons) is liable for RCM as per Notification 43/2017 CT (r) dt. 14/11/2017
Recent Threads
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
Related Threads
CAclubindia
