m a registerd dealer in composition scheme
i purchase from registered dealer in normal scheme. whether I can clame RCM
Purchasing from normal dealer
Gaurav Bhargava (7 Points)
22 July 2017
8 Replies
V.Raghunadh
(Practicing Advocate and Corporate Consultant)
(202 Points)
Replied 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.
V.Raghunadh
(Practicing Advocate and Corporate Consultant)
(202 Points)
Replied 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.
Sandeep Upadhyay
(1518 Points)
Replied 22 July 2017
As both are registered then no RCM liability arises
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