| Originally posted by : priyanka | ||
 |
If I am a composite dealer, I am not able to take any kind of setoff/credit then also need to pay GST under RCM? |  |
| Originally posted by : Studentsca | ||
|
If you purchase from Unregistered persons in excess of Rs. 5,000/- per day then yes. | |
| Originally posted by : Studentsca | ||
|
@ DeepakEven Composition dealer required to pay GST on supplies obtained from Unregistered person. | |
Is there any documentory evidence or any section or rule. Because many retailers are registered under Compostion & having shop on Rent. Thats why this question has arrise whether they need to pay GST on rent as owner in not registered.
| Originally posted by : Studentsca | ||
|
@ Deepak Could you please tell who would pay GST in that case ?? |
|
No as the composition dealer cannot collect tax paid by him on outward supplies from his customers , the registered person making purchases from a taxable person paying tax under the composition scheme cannot avail credit .
| Originally posted by : Studentsca | ||
|
@ Deepak Could you please tell who would pay GST in that case ?? |
|
No as the composition dealer cannot collect tax paid by him on outward supplies from his customers , the registered person making purchases from a taxable person paying tax under the composition scheme cannot avail credit .
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
