Goods and Services Tax – Started By: – jayesh thacker – Dated:- 22-7-2017 Last Replied Date:- 23-7-2017 – I purchase some MRP Product like weffer, biscuits from URD, in this case rcm is applicable and gst exempt or payable – Reply By MUKUND THAKKAR – The Reply = Your turnover is more than 20 lakhs than you have to pay under RCM if purchase from URD.if turnover is less than 20lakhs need not pay under RCM because transaction between URD to URD.. – Reply By Rajagopalan Ranganathan – The Reply = Sir, Section 9 (4) of Central Goods and Service Tax Act, 2017 states that- The central tax in respect of the supply of taxable goods or services or both by a supplier, who is not registered, to a registered person shall be paid by such person on revers
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