I m composition dealer. I purchased from URD. My product nill rated.
Papad, chakali etc.
I liable to pay reverse charge?
If yes at what Rate?
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composition scheme
Replies (7)
RCM is payable only for taxable goods purchase from URD.
how much rate for RCM from unregistered purchased if taxable
No fixed rate. rate will depend on item purchased. 5, 12,18 or 28
whatever is the taxable rate of item purchased that is payable under RCM.
Same will apply to both goods and services taken from URD. however supplies worth 5000 per day are exempted
thank sir
how to show GSTR 4 if I sale amount 125000 I required pay 1 %
how to show GSTR 4 if I sale amount 125000 I required pay 1 %
if nill rated product
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