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G.S.T.R - 4

Mudit Surana (Articled Assistant) (61 Points)

08 April 2018

How will Purchases from Composition Dealer by a Composition Dealer himself be shown in the return i.e., under which Part of the Return should it be shown? Also what should be the rate of tax? Is R.C.M applicable on the purchase?

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4 Replies

Pankaj Rawat (GST Practitioner) (55037 Points)
Replied 08 April 2018

No , no RCM , in table (sheet 4 A,B), by selecting 'regular'
composition dealer is also a registered dealer, so no RCM

Mudit Surana (Articled Assistant) (61 Points)
Replied 08 April 2018

But what about Tax Rate?

CA Rashmi Gandhi (Chartered Accountant) (86285 Points)
Replied 08 April 2018

Tax rate is Nil....

Mudit Surana (Articled Assistant) (61 Points)
Replied 10 April 2018

Mam, by Nil Rate do you mean that I should show the Purchase from Composition Dealer under Part 4A & B of GSTR - 4 and for Tax Rate applicable, I should mention 0%?