Related Keywords: both raw material invite nil tax, CBEC, do not need to register, gave clarifications on its website, Indian Central Board of Excise and Customs, mills procuring raw jute and silk, not required to pay tax, raw jute and silk suppliers, regarding Goods and Services Tax, Under current GST regime, under the RCM, unregistered suppliers
The Indian Central Board of Excise and Customs (CBEC) gave clarifications on its website regarding the Goods and Services Tax (GST). The clarification was in response to complaints of mills asking raw silk and jute suppliers to mandatorily register themselves. Under the current GST regime, raw jute and silk suppliers do not need to register as both raw materials invite nil tax.
The Board further clarified that mills procuring raw jute and silk from unregistered suppliers are not required to pay tax under the Reverse Charge Mechanism (RCM).
