Menu
Liability of RCM
Composition dealer is liable to pay gst under RCM ?
Replies (20)
yes liable to pay on RCM
Yes Exactly. Composition dealer pay Tax under RCM basis...
what is RCM?
Reverse Charge Mechanism
what is % of rcm under copositn
Tax % is based on Items Rate.
raji ji u mean not a fix % on rcm in compostn
Yes exactly...!
The GST rate as follow RCM rate. Any difference...?
The GST rate as follow RCM rate. Any difference...?
but sale gst also 1% na
Don't be confused RCM related tax and Turn Over based tax.
The 1% or 2% tax is turn over based taxes payable by Composition dealer...
RCM related tax is purchased from URD then ll be pay Tax under RCM basis by both registered dealer (Regular dealer and Composition Dealer)
The 1% or 2% tax is turn over based taxes payable by Composition dealer...
RCM related tax is purchased from URD then ll be pay Tax under RCM basis by both registered dealer (Regular dealer and Composition Dealer)
Similarly rent paid by you attract RCM if landlord is not registered.
RCM is to be paid on normal rate.
Composition fixed tax is to be paid on outward supply only
Composition fixed tax is to be paid on outward supply only
if composition dealer pay tax under RCM bases than rcm is available for adjusted against gst payable by him or not. ????
No RCM pd is not available to you as ITC. You have to pay your composition levy in cash
Recent Threads
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responsible for paying GST Liability (If th
- Excess Payment on RCM
Related Threads
CAclubindia
