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invoice from composition scheme holder

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B.Com
46 Points Posted on 27 April 2018
What shold be entry process of invoice recd from composition scheme holder to registered dealer, is there any Rcm applicable on that invoice.
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On 27 April 2018 at 22:38 Report
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Article Assisant
87 Points Posted on 27 April 2018
I think till date it is not yet clarified or notified
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On 27 April 2018 at 23:39
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"Do the Right Thing...!!!"
128147 Points Posted on 28 April 2018
No more RCM activities if Purchased from Composition dealer...
He is one of the Registered dealer under GST...



Note :
RCM applicable only URD related inwards. Also it's suspended in current scenario...
463 Reply
On 28 April 2018 at 06:10
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Accounts Manager
1466 Points Posted on 28 April 2018

No RCM on inward from Composition RD

2 Reply
On 28 April 2018 at 17:57
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B.Com
46 Points Posted on 29 April 2018
So accounting entry should be done simply?
Purchase A/c Dr
To vendor
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On 29 April 2018 at 10:19
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"Do the Right Thing...!!!"
128147 Points Posted on 29 April 2018
Yes... You can...

If You are noted specifically then it's better to books of accounts.
463 Reply
On 29 April 2018 at 10:21


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