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Gst composition scheme help


Deepak Gupta (CA Student)     26 May 2019

Deepak Gupta
CA Student 
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Old RCM u/s 9(4) has been abolished and replaced with new section.

Now it is applicable only for notified persons and notified supplies.

But as per Rule 5 of CGST, conditions for composition levy…

Before option for the scheme, if the person’s stock include unregistered purchase, he should pay RCM tax u/s 9(4)…

Since, 9(4) has been replaced… is there any change in this rule or is it still applicable?

Please help with a conclusive reasoning...

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pritesh (CA Final student)     26 May 2019

pritesh
CA Final student 
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I think no change please confirm from others one tym

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Deepak Gupta (CA Student)     26 May 2019

Deepak Gupta
CA Student 
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On GST portal, rules are given as on 23.04.2019 and can't see any related notification after that. So, i think they have not amended this. Any affirmation or clarification is welcome.

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Pankaj Rawat (GST Practitioner)     26 May 2019

Pankaj Rawat
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If stock includes goods purchased prior to 13.10.17 from an unregistered person, then tax under RCM is to be paid on the same by composite person as per rule 5(c).

However U R correct amendment is needed to effect how to dispose off the such stock purchased after 13/10/2017

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