Reverse charge on raw cotton shifts tax liability to registered recipients for supplies from agriculturists. Supply of raw cotton (HSN 5201) is made subject to the reverse charge mechanism where an agriculturist supplies raw cotton to any registered person, rendering the registered recipient liable to pay tax. The amendment inserts a specific table entry classifying the supplier as 'Agriculturist' and the recipient as 'Any registered person,' effective from 15 November 2017.
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Reverse charge on raw cotton shifts tax liability to registered recipients for supplies from agriculturists.
Supply of raw cotton (HSN 5201) is made subject to the reverse charge mechanism where an agriculturist supplies raw cotton to any registered person, rendering the registered recipient liable to pay tax. The amendment inserts a specific table entry classifying the supplier as "Agriculturist" and the recipient as "Any registered person," effective from 15 November 2017.
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