does purchase from farmer by a krishi mandi dealer falls under purview of RCM in GST regime
2 Replies
Debashish Sarkar
(Commercial Manager)
(220 Points)
Replied 13 July 2017
It seems that its an agricultural product. Please check the CGST and IGST Rate circular for exempted goods, and, if your item is exempted then nothing is taxable.
RAKSHIT MEHTA
(tax consultant)
(114 Points)
Replied 13 July 2017
its agricultural product which is taxable, oil seeds falling under chapter 12 are all taxble at 5%
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