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Composite scheme

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802 Points Posted on 17 July 2017
RCM is applicable on composite scheme dealor
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On 17 July 2017 at 23:44 Report
Replies (7)
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Finance Professional
3931 Points Posted on 17 July 2017

Any tax payable under Reverse Charge Mechanism will not be covered under the scheme. These taxes will be liable to be paid as a normal tax payer.

36 Reply
On 17 July 2017 at 23:46
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203 Points Posted on 18 July 2017
UPASANA GUPTA JI READ AGAIN AND REPLY,I THINK HE SHOULD PAY RCM .
2 Reply
On 18 July 2017 at 00:31
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Accountant
1037 Points Posted on 18 July 2017
Yes, RCM is applicable to composite dealers at regular rates.
3 Reply
On 18 July 2017 at 03:00
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Proprietor
171 Points Posted on 18 July 2017
Right, for retail medical stores, composition is hell
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On 18 July 2017 at 07:37
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Proprietor
4869 Points Posted on 18 July 2017
rcm is applicable to all
18 Reply
On 18 July 2017 at 13:30
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Proprietor
4869 Points Posted on 18 July 2017
rcm is applicable to all
18 Reply
On 18 July 2017 at 13:31
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802 Points Posted on 19 July 2017
i think it will not be coverd only they will pay tax on turnover...
3 Reply
On 19 July 2017 at 00:32


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