composition scheme is only applicable to registered dealers. but RCM will be applied when unregistered dealer supplies to registered dealer. is it correct?
CGST shall be paid by the recipient of goods or services or both, on reverse
charge basis, in the following cases:
1.Supply of goods or services or both, notified by the Government on the
recommendations of the GST Council.
2.Supply of taxable goods or services or both by an UNREGISTERED supplier
to a REGISTERED person
In case if taxable supply of goods or sevices or both by a unregistered person to a registered person in a single day per registered person exceeds Rs 5000, in case of such supply...tax has to be paid under RCM as per sec 9(4) by registered person.
Note:
This provison is suspended by council till 31st March.
It means rcm will not attract even purchase is made from unregister persontill 31st March 2018.
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