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....
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.
CAclubindia
