1. Can composition dealer purchase from unregistered person.?
2. What kind of goods and services does a composition dealer Purchase from the registered dealer on which he will have to pay the RCM and which Rate.
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Query From Composition Dealer
Replies (4)
Quick Summary
1. Yes, a composition dealer can purchase from unregistered person.
2. See the RCM list on gst.gov.in along with rates
2. See the RCM list on gst.gov.in along with rates
Agree with Sourav ji
Can u please share me the rcm list as per govt.
Dear Rohit
Yes RCM is applicable on Composition Scheme (Refer Rule 5 of CGST Act)
Now RCM on inward supply from URD , In term of Notification 7/2019 the applicable of Section 9(4) is limited to promotor/developer only .
So there is no RCM on Inward Supply from URD .
Note : RCM need to be done where section 9(3) applicable.
Yes RCM is applicable on Composition Scheme (Refer Rule 5 of CGST Act)
Now RCM on inward supply from URD , In term of Notification 7/2019 the applicable of Section 9(4) is limited to promotor/developer only .
So there is no RCM on Inward Supply from URD .
Note : RCM need to be done where section 9(3) applicable.
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