Purchase From Bricks From Composition Dealer RCM to be Payable

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Accountant
337 Points Posted on 02 January 2021

Purchase Material From Composition Dealer ( Bricks ) fro Rs. 250000/-  i want to pay RCM for the purchase from Composition Dealer 

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On 02 January 2021 at 13:42 Report
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This discussion clarifies whether GST under Reverse Charge Mechanism (RCM) is applicable when purchasing bricks from a composition dealer. While composition dealers typically pay a fixed rate, the rules can change if you are a promoter. The content explores the conditions under Section 9(4) that might make RCM compulsory for such purchases.

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378 Points Posted on 02 January 2021
Yes required
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On 02 January 2021 at 14:15
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STUDENT
1631 Points Posted on 02 January 2021
No !
They pay 1% as GST
RCM 'not applied in this case ...
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On 02 January 2021 at 14:19
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378 Points Posted on 02 January 2021
If you are promoter then sec 9(4) states compulsory required to pay GST upto 80% of input
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On 02 January 2021 at 14:24
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Accountant
85 Points Posted on 04 January 2021
Not required to pay
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On 04 January 2021 at 00:16

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