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RCM applicable for composition dealer..?
If the composition dealer purchase goods from unregistered person, whether tax should be paid under RCM..?
Replies (2)
Quick Summary
RCM is not applicable
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.
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.
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