RCM REALATED
This query is : Resolved
Sumit Soni
(Querist)
24 September 2020
sir, i am a registered dealer, dealing in purchase of scrap (paper, plastic, metal etc...) from unregistered dealers, do i have to pay reverse charge/tax on purchase of scrap from unregistered persons or, i fall under marginal scheme as i purchase old goods and sell them without changing its nature....
Lekhraj sood
(Expert)
24 September 2020
You are not covered under RCM if you are not buying from central/state govt or local authority.
Yes, you can be covered under margin scheme under rule 32.
Yes, you can be covered under margin scheme under rule 32.
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