Can i show normal cash purchase, deposit RCM on it & take ITC? If purchase goods in cash from unregistered dealer.

I am a scrap dealer and my purchase is approx 35 lakh monthly from unregistered dealers in cash. Can i show the same in normal cash purchase and deposit RCM on it and take ITC of the same? Any objection on cash purchase of 30 lakh monthly?

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Yes, you can give tax under RCM and then claim ITC.

Answered on July 5, 2017.
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you can purchase. No objection.

Answered on July 10, 2017.
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