Hi everyone, I have a client who is running a hotel business and into Composition scheme. From July RCM may come into play. So client has to pay 18% tax on rent? If yes how does it work? Same like general tax payers, where we pay tax first month and get refund on second month and utilize the same for second month. Pay tax for third month and utilize the same for fourth month? really need help on this issue.
please explain most of the clients are confused. please help
Sorry , composition dealer liable to do RCM, but cannot claim input for the same.
So u have to deposit against RCM done but cant avail the input for same
CAclubindia
