composition dealer
Ajay Prajapati (512 Points)
21 July 2017
can a composite dealer make interstate purchase ?
6 Replies
Kaushik Deepak (KD)
(Deputy Finance Manager)
(1136 Points)
Replied 21 July 2017
yes
restrictions on sales not purchase
restrictions on sales not purchase
Ajay Prajapati
(512 Points)
Replied 21 July 2017
if i m in composite scheme .. my vendor is registered in gst i purchase goods from there so my vendor face RCM ... ?
Ajay Prajapati
(512 Points)
Replied 21 July 2017
if my vender composite dealer so y he face RCM ?? why he liable to pay tax ?
Kaushik Deepak (KD)
(Deputy Finance Manager)
(1136 Points)
Replied 21 July 2017
no,
RCm concept on Unregisterd dealer not composition or registered dealer
Kaushik Deepak (KD)
(Deputy Finance Manager)
(1136 Points)
Replied 21 July 2017
Composition is an option to pay lower tax for registered person having low turnover. But it doesn't mean that he is unregistered person in GST. So, No RCM u/s 9(4) applicable if purchase goods from composition dealer.
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