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Purchse from composite dealer

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125 Points Posted on 22 July 2018

Do we have to pay rcm on purchse of sand from a composite dealer or not?

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On 22 July 2018 at 14:13 Report
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Practicing CA
7756 Points Posted on 22 July 2018

no as comp dealer is registered one. But why yuo are asking same RCm from URD is suspended till 30/09/18 and ( as per council meet till next one year no RCM will on urd purchase )

25 Reply
On 22 July 2018 at 14:15
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24196 Points Posted on 22 July 2018
No need to pay gst on RCM.......
161 Reply
On 22 July 2018 at 14:20
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125 Points Posted on 22 July 2018
Thanks for the quick reply sir. This means I need to treat this purchase as just like an expense where no ITC to claim but just to book bill figure from the bill of supply. Right?
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On 22 July 2018 at 14:22
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24196 Points Posted on 22 July 2018
You can make entry as URD purchase in books of account.
161 Reply
On 22 July 2018 at 14:49
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GST Practitioner
55067 Points Posted on 22 July 2018
Purchase from composit dealer will be treated as B2b inward supply
301 Reply
On 22 July 2018 at 20:42
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24196 Points Posted on 22 July 2018
Yes, agree with Pankaj sir.
Purchase from composition dealer is treated as B2B inward supply.
No tax on composition inward supplies.
161 Reply
On 22 July 2018 at 20:47


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