A registered dealer under gst purchase goods from a composition dealer. should he be liablie to pay gst under reveverse charge or not?
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Purchase from composition dealer
Replies (19)
No.
RCM provision will apply only if the recipient is registered and the supplier is unregistered.
A supplier who has opted for composition would not charge GST on his supply but is nevertheless registered and does not attract this provision.
But how registered person will take input credit
when composition dealer will not charge GST then question about ITC does not arrive
it means he can claim this in his purchase and need not to pat tax under reverse charge and will not claim any input
The composition taxable person, not elegible to collect on supplies to buyer. The recipient of goods are required to pay GST under RCM and take credit after payment of GST.
@ .NISHANTH.,
1. A registered dealer purchased from Composition dealer then he can't pay tax under RCM basis...
2. The composition dealer can't give Tax invoices. He ll give only Bill of supply. (It's like
1. A registered dealer purchased from Composition dealer then he can't pay tax under RCM basis...
2. The composition dealer can't give Tax invoices. He ll give only Bill of supply. (It's like
sir, is it mention somewhere in law, plz tell me so that i can refer
cont....
(It's like cash memo. But, GSTIN). So, we can't get tax figure.
3. Yes. Purchased from Composition dealer then no claim ITC. It's treated as exempt then no need ITC and liability.....
(It's like cash memo. But, GSTIN). So, we can't get tax figure.
3. Yes. Purchased from Composition dealer then no claim ITC. It's treated as exempt then no need ITC and liability.....
Composite dealer Cant charge GST on bill .also in bill Composite registration status to be written.Composite dealer is a registered dealer.so RCM not applicable.RCM applicable only for unregistered dealer.
After a much discussion I am confused about govt. benifit on taxable goods.
Who are suggesting not to pay under RCM, the required tax may not be arised in that case.
How is it possible ?
But, on the other side the composition dealer have to pay @ 1% or 2% .
So, what will be the accurate tax if the commodity is of 5% ?
At last I reach on a decission, NO RCM NO ITC .
It may be right .
Dear sir can we show this purchase from compositions dealer in gstr 3b return under 5th head. Is it right or not
for example i have regular Dealer. i bought goods from composition dealer to resale. So, what will be the accurate tax if the commodity is of 5% ? According commodity this goods taxable or exempt . may it be right ?
Yes... It's taxable as per goods/commodity rate. As per your query the rate of Tax @ 5%
I am a Composition dealer, i have purchased Goods from composition dealer & Sold goods to final consumer
tell me the tax liability for me for 18% taxable goods
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