25 September 2017
if a composition dealer purchases goods from unregistered person then he is liable to pay GST on reverse charge on purchase or not ? also any itc can claim by composition dealer?
26 September 2017
for example purchase goods from unregistered person assume Rs. 100000 then liable to pay 5000 under rcm(assume 5% rate) and again sold this goods on Rs. 110000 then again liable to pay GST 1% Rs. 1100. am i right sir ?
26 September 2017
for example purchase goods from unregistered person assume Rs. 100000 then liable to pay 5000 under rcm(assume 5% rate) and again sold this goods on Rs. 110000 then again liable to pay GST 1% Rs. 1100. am i right sir ?
26 September 2017
Yes...
You are exactly correct....
These are the drawback under Composition Scheme.... So, Only I'm not referred to composition scheme....
CAclubindia
