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Liability of RCM

RCM 580 views 20 replies
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Chartered Accountant
86505 Points Posted on 13 September 2017
No ITC of tax paid under RCM is available for composition dealer.
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On 13 September 2017 at 21:26
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"Do the Right Thing...!!!"
128152 Points Posted on 13 September 2017
(No ITC of tax paid under RCM is available for composition dealer) What is this meaning Madam.,
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On 13 September 2017 at 21:58
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CMA
150 Points Posted on 13 September 2017
yes its true CMP dealer cant avail ITC weather he has paid gst to registered dealer or by way of RCM
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On 13 September 2017 at 22:27
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CMA
150 Points Posted on 13 September 2017
He has to pay straight away @ 1 or 2% whatever applicable on total supply irrespective of the GST paid to dealer or under RCM
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On 13 September 2017 at 22:28
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"Do the Right Thing...!!!"
128152 Points Posted on 13 September 2017
Yes. You are exactly correct.
I agreed to Mr. Mubarak R Momin....
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On 13 September 2017 at 22:31
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Chartered Accountant
86505 Points Posted on 13 September 2017

Even you pay tax at normal rate but no ITC is available for composition dealers. Means it is complee loss to you.

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On 13 September 2017 at 22:31


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