RCM ON RENT
Abhi Abhi (48 Points)
01 February 2018
I am composition dealer pay rent monthly 2500. Is RCM apply paid Rent to unregistered person
vamsi krishna
(article student)
(280 Points)
Replied 01 February 2018
For Compositions scheme dealers ITC is not available on inputs & they need not to charge output tax to customers too .. BUt at the end he has to pay a percentage on turnover to Govt
vamsi krishna
(article student)
(280 Points)
Replied 01 February 2018
RCM on purchses from unregistered persons shifted to 31.03.2018
vamsi krishna
(article student)
(280 Points)
Replied 01 February 2018
limit of Rs.5000/- is for day whole for all transactions from URP
Abhi Abhi
(48 Points)
Replied 01 February 2018
vamsi krishna
(article student)
(280 Points)
Replied 01 February 2018
only RCM for URP is suspended to 31.03.18
CAclubindia
