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RCM for Composite dealer?

priyanka (Accountant) (32 Points)

04 August 2017

If I am a composite dealer, I am not able to take any kind of setoff/credit then also need to pay GST under RCM?

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Kaushik Deepak (KD) (Officer Accountant) (1136 Points)
Replied 04 August 2017

Originally posted by : priyanka
	If I am a composite dealer, I am not able to take any kind of setoff/credit then also need to pay GST under RCM?

NO, if you held composition scheme then you did not need to pay GST under RCM

RAMESH D MODI (Proprietor) (4864 Points)
Replied 04 August 2017

no u will have to pay rcm surely.

1 Like

RAMESH D MODI (Proprietor) (4864 Points)
Replied 04 August 2017

if u fall under 9(3) or 9(4)

RAMESH D MODI (Proprietor) (4864 Points)
Replied 04 August 2017

if u fall under 9(3) or 9(4)

Studentsca (CA Practice ) (3577 Points)
Replied 04 August 2017

If you purchase from Unregistered persons in excess of Rs. 5,000/- per day then yes.

Kaushik Deepak (KD) (Officer Accountant) (1136 Points)
Replied 04 August 2017

Originally posted by : Studentsca
	If you purchase from Unregistered persons in excess of Rs. 5,000/- per day then yes.

Sir, wo composition ki bat kr rha hai normal GST dealer ki nhi

Studentsca (CA Practice ) (3577 Points)
Replied 04 August 2017

@ Deepak

Even Composition dealer required to pay GST on supplies obtained from Unregistered person.

1 Like

Kaushik Deepak (KD) (Officer Accountant) (1136 Points)
Replied 04 August 2017

Originally posted by : Studentsca
	@ DeepakEven Composition dealer required to pay GST on supplies obtained from Unregistered person.

Q. Is liability to pay taxes under Reverse Charge Mechanism covered under the Composite Scheme? Ans. Any tax payable under Reverse Charge Mechanism will not be covered under the scheme. These taxes will be liable to be paid as a normal tax payer.

MAHESH PISAL (CA Student) (65 Points)
Replied 04 August 2017

Is there any documentory evidence or any section or rule. Because many retailers are registered under Compostion & having shop on Rent. Thats why this question has arrise whether they need to pay GST on rent as owner in not registered.

Studentsca (CA Practice ) (3577 Points)
Replied 04 August 2017

@ Deepak Could you please tell who would pay GST in that case ??

Kaushik Deepak (KD) (Officer Accountant) (1136 Points)
Replied 04 August 2017

Originally posted by : Studentsca
	@ Deepak Could you please tell who would pay GST in that case ??

No as the composition dealer cannot collect tax paid by him on outward supplies from his customers , the registered person making purchases from a taxable person paying tax under the composition scheme cannot avail credit .

Attached File : 1059050 20170804184407 faq composition levy revised.pdf downloaded: 128 times