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Purchasing from normal dealer

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7 Points Posted on 22 July 2017

m a registerd dealer in composition scheme
i purchase from registered dealer in normal scheme. whether I can clame RCM

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On 22 July 2017 at 09:53 Report
Replies (8)
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45 Points Posted on 22 July 2017
No you can not claim input credit
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On 22 July 2017 at 10:07
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7 Points Posted on 22 July 2017
means my cost will be INPUT TAX PLUS 1%
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On 22 July 2017 at 10:12
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Proprietor
4869 Points Posted on 22 July 2017
RCM????
18 Reply
On 22 July 2017 at 10:12
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Practicing Advocate and Corporate Consul
202 Points Posted on 22 July 2017
As a registered composite dealer you are relieved of elaborate return filing procedure and need to file only quarterly. returns.Other advantage is that you need to pay a small %of tax but the demerit is that you loose the benifit of input tax credit.
1 Reply
On 22 July 2017 at 10:21
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Practicing Advocate and Corporate Consul
202 Points Posted on 22 July 2017
As a registered composite dealer you are relieved of elaborate return filing procedure and need to file only quarterly. returns.Other advantage is that you need to pay a small %of tax but the demerit is that you loose the benifit of input tax credit.
1 Reply
On 22 July 2017 at 10:21
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Practice
135 Points Posted on 22 July 2017
no you cannot claim rcm
4 Reply
On 22 July 2017 at 11:01
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Practice
135 Points Posted on 22 July 2017
no you cannot claim rcm
4 Reply
On 22 July 2017 at 11:02
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1518 Points Posted on 22 July 2017
As both are registered then no RCM liability arises
3 Reply
On 22 July 2017 at 12:25


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