Reverse charge on expenses

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SUNIL KUMAR VARSHNEY (Querist)
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28 June 2017 is Reverse charge also applicable on composite dealer on his expenses if he purchase that items for his daily exp.from unregistered Dealer

CA Saloni

CA Saloni (Expert)
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28 June 2017 Yes, if composite dealer purchases from unregd dealer, he is liable to pay under reverse charge.

SUNIL KUMAR VARSHNEY

SUNIL KUMAR VARSHNEY (Querist)
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28 June 2017 Not regarding purchases,but day to day expenses? Is a composition dealer required to pay Reverse charge on day to day expenses??

CA Saloni

CA Saloni (Expert)
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28 June 2017 Yes sir, expenses also.

SUNIL KUMAR VARSHNEY

SUNIL KUMAR VARSHNEY (Querist)
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28 June 2017 Thank u
But Can we claim the tax paid on expenses under reverse charge as input tax credit in composition scheme?

CA Saloni

CA Saloni (Expert)
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29 June 2017 No sir, there is a restriction for claiming ITC on some expenses.Like no ITC is available for food and beverages...

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