RCM is applicable on composite scheme dealor
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Composite scheme
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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.
UPASANA GUPTA JI READ AGAIN AND REPLY,I THINK HE SHOULD PAY RCM .
Yes, RCM is applicable to composite dealers at regular rates.
Right, for retail medical stores, composition is hell
rcm is applicable to all
rcm is applicable to all
i think it will not be coverd only they will pay tax on turnover...
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