Rcm on composition dealer
This query is : Resolved
23 September 2017
Suppose I am a composition dealer under GST act and I file my ITR u/s 44AD. So how will I calculate my RCM liability, as I don't maintain any cash book or ledger. (These are not mandatory as per section 44AD of Income Tax Act). How will any body (read department) will know that I have paid more Rs 5000 in a day to URD ?
25 September 2017
In case of composition scheme, RCM need not be calculated.
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