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rcm applicable to purchase from composition dealer

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71 Points Posted on 06 June 2019
regular dealer purchase from composite dealer now it comes under RCM pl clarify
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On 06 June 2019 at 16:31 Report
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342 Points Posted on 06 June 2019

NO. Unless any supply specified under RCM as per sec, 9(3) of GST act.

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On 06 June 2019 at 18:05
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Student
23693 Points Posted on 06 June 2019
NO...

Persons registered under Composition Scheme ( SECTION 10 of the CGST Act 2017 ) needs to pay tax out of their own pocket. No RCM applicable on purchase from Composition Scheme Dealers.

Warm Regards.
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On 06 June 2019 at 20:58
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Tax and Business Consultant
11616 Points Posted on 22 July 2020
No, If regular register party purchase from composition party than RCM is not applicable
Assessee under composition scheme has to discharge the tax liability on his turnover on his own account, they also can not charge GST to seller.
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On 22 July 2020 at 10:14


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