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RCM applicable For Composi tion Dealer? If Yes than INput Credit benefit?
Composition dealer paying Transport Exp. more than 750/- ₹.RCM will applicable? it can be use as Composition fee?
Replies (5)
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
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 .
yes applicable
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
| Originally posted by : JITENDRA | ||
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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...
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