If Composition dealer purchase the goods from URD what will happen such case if RCM exempt. Kindly clarify asap.
3 Replies
lucky sharma
(212 Points)
Replied 03 October 2018
nothing do any anything but maintain in account that u would be purchase exempt goods from urd because in return exempt goods not feeded
Vinod Babu
(24196 Points)
Replied 03 October 2018
purchase from urd by composition dealer is treated as inwards exempted supplies.
Shivam RC
(Student)
(23683 Points)
Replied 03 October 2018
Since the particular transaction is not covered under RCM [ SECTION 9(3) ], then no GST is payable and it would be a a Exempt Supply for the COMPOSITION SCHEME Dealer.
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