m a registerd dealer in composition scheme
i purchase from registered dealer in normal scheme. whether I can clame RCM
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Purchasing from normal dealer
Replies (8)
No you can not claim input credit
means my cost will be INPUT TAX PLUS 1%
RCM????
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.
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.
no you cannot claim rcm
no you cannot claim rcm
As both are registered then no RCM liability arises
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