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Rcm credit for composition trader.

Vipul Jain (Assistant Manager) (69 Points)

12 July 2017

Can a composition trader take the credit of reverse charge tax payment ?

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4 Replies

Prakash Keshari (53 Points)
Replied 12 July 2017

no he will not elgilble for any credit of gst piad on purchase of goods and service

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Vipul Jain (Assistant Manager) (69 Points)
Replied 12 July 2017

If a person is registered in composition than is he liable to pay tax under rcm for purchase from unregistered person.
If yes can he get the credit of the same to pay his composition liability.

Prakash Keshari (53 Points)
Replied 14 July 2017

yes you are liable from for gst payment under RCM but you do not get any benefit of tax pqus

Prakash Keshari (53 Points)
Replied 14 July 2017

yes you are liable from for gst payment under RCM but you do not get any benefit of tax paid

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