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of <h1>Punjab Ruling: Buyers Liable for GST on Raw Cotton, Not Kacha Arhtia, Under Reverse Charge Mechanism.</h1> The Authority for Advance Ruling in Punjab analyzed the Reverse Charge Mechanism (RCM) under the CGST/PGST Act 2017 concerning raw cotton purchases from Kacha Arhtia. The ruling clarified the roles of agents in supply, emphasizing that Kacha Arhtia acts as an intermediary, not a principal, thus affecting GST liability. It distinguished between Pacca Arhtia and Kacha Arhtia, impacting GST implications. The ruling determined that the buyer, not the Kacha Arhtia, is liable for GST under RCM. The decision is based on the specific roles and responsibilities outlined in the Punjab Agricultural Produce Markets Rules.
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