While calculating Turnover in state for determining composition levy payable to Government, will we exclude 'OUTWARD' supplies chargeable to tax on RCM basis. If 'OUTWARD' supplies chargeable to tax on RCM basis are not excluded while calculating Turnover in state then this would mean that even composite dealer is paying tax on such supplies. Thus government will get tax from composite dealer as well as from Recipient. Please share your thoughts about this
Please note that i need clarity on "OUTWARD" supplies taxable under RCM
CAclubindia
