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composite dealer purch from unrgstrd

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M
199 Points Posted on 11 November 2017
what if a composite dealer purchases silk yarn from unregistered dealer?
whether he have to pay tax under RCM on said purchases?
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On 11 November 2017 at 13:03 Report
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SEO Sai Gr. Hosp.
211585 Points Posted on 11 November 2017

Not till March, 2018......... or till further notified (for supplies u/s. 9(4) of CGST act)

581 Reply
On 11 November 2017 at 13:11
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M
199 Points Posted on 11 November 2017
silk yarn is covered u/s 9(3), and is still applicable for RCM,my query is about composite dealer whether he has to pay tax under RCM
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On 11 November 2017 at 13:13
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SEO Sai Gr. Hosp.
211585 Points Posted on 11 November 2017

YES, for RCM on GST u/s. 9(3) of CGST act.......

581 Reply
On 11 November 2017 at 13:32
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Chartered Accountant
12739 Points Posted on 11 November 2017

A Composition Dealer has to pay tax under Reverse Charge Mechanism wherever applicable. There is no exemption to a composition dealer here.

40 Reply
On 11 November 2017 at 13:38


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