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RCM applicable For Composi tion Dealer? If Yes than INput Credit benefit?

ITC / Input 227 views 5 replies
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KKMF
29 Points Posted on 02 September 2017
Composition dealer paying Transport Exp. more than 750/- ₹.RCM will applicable? it can be use as Composition fee?
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On 02 September 2017 at 18:49 Report
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2 Points Posted on 02 September 2017
composition dealer will issue a bill of supply not a tax invoice no rcm applicable on composition dealer and no input credit received on inward supplies from composition dealer within state or outside state
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On 02 September 2017 at 19:25
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35 Points Posted on 02 September 2017
RCM is also applicable for composition dealer.As he is opted for composition scheme he is not eligible for the benefit of input tax credit .
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On 02 September 2017 at 19:36
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238 Points Posted on 02 September 2017
yes applicable
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On 02 September 2017 at 19:37
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4 Points Posted on 02 September 2017
RCM is applicable for composition dealer. But any tax paid by him on RCM basis can't be taken as credit as composition dealers aren't eligible for input tax credit
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On 02 September 2017 at 19:53
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"Do the Right Thing...!!!"
128147 Points Posted on 02 September 2017
Originally posted by : JITENDRA
Composition dealer paying Transport Exp. more than 750/- ₹.RCM will applicable? it can be use as Composition fee?

All RCM related law applicable to Composition dealer. He ll be pay tax under RCM. But, He can't get ITC/Refund...

463 Reply
On 02 September 2017 at 20:32


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