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In this pic it should have been ' exempt ' right ? I have a doubt. Can u please verify

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Screenshot_20200716-214147_1FIN by IndigoLearn.jpg


Swathi Krishna

Swathi Krishna

CA Inter

7K+

16-Jul-20 21:43

8

Answers (7)

No, it will be taxable and no RCM will be applicable.


KEERTHI PRIYA

KEERTHI PRIYA

Moderator

17-Jul-20 10:49

But it is unregistered person so in the below picture it is said exempt

Attachments

20200717_133939.jpg


Swathi Krishna

Swathi Krishna

CA Inter

7K+

17-Jul-20 13:40

Taxable for all specified persons(registered) at rate 12% with Itc and 5% without Itc other than specified exempted.


KEERTHI PRIYA

KEERTHI PRIYA

Moderator

17-Jul-20 21:23

So the other than specified recipient is unregistered individual end consumer. In the above questions, it is the individual is ã??unregistered person , and ã?? not a business entity Then doesn't it mean he is a unregistered individual end consumer.


Swathi Krishna

Swathi Krishna

CA Inter

7K+

17-Jul-20 22:07

Yes he will be unregistered individual exempt.


KEERTHI PRIYA

KEERTHI PRIYA

Moderator

17-Jul-20 23:04

So in the above question the answer is exempt right ?


Swathi Krishna

Swathi Krishna

CA Inter

7K+

17-Jul-20 23:23

Yes


KEERTHI PRIYA

KEERTHI PRIYA

Moderator

19-Jul-20 17:04

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