RCM applicable for composition dealer..?

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1 Points Posted on 05 November 2020
If the composition dealer purchase goods from unregistered person, whether tax should be paid under RCM..?
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On 05 November 2020 at 14:45 Report
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This discussion clarifies whether a composition dealer needs to pay tax under the Reverse Charge Mechanism (RCM) when purchasing goods from an unregistered person. Recent amendments to Section 9(4) of the GST Act, particularly Notification 7/2019 CT (R), specify that RCM is applicable only to notified classes of persons and goods. In this case, it is not applicable to composition dealers making such purchases.

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Accountant
3662 Points Posted on 05 November 2020
RCM is not applicable
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On 05 November 2020 at 15:28
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GST Practitioner
55067 Points Posted on 06 November 2020
RCM on inward supply from URD has be amended by amendment Act 31 of 2018 .
It's being inserted in section 9(4) , the RCM will Applicable on class of person & goods being notified by council.
In this regard the Notification 7/2019 CT (R) being issued & the same prescribed the promotor / developer are liable to do RCM on purchase from URD.

So it's not applicable on you.
1 Reply
On 06 November 2020 at 00:40

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