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RCM for composition dealer on rent
Hi everyone, I have a client who is running a hotel business and into Composition scheme. From July RCM may come into play. So client has to pay 18% tax on rent and pay to GST? If yes how does it work? Same like general tax payers, where we pay tax first month and get refund on second month and utilize the same for second month. Pay tax for third month and utilize the same for fourt month? really need help on this issue.
Replies (5)
You have to pay tax under RCM & can't claim ITC for same....
composit dealer cannot avail input on RCM deposit
I know ITC cannot be claimed. but my question is the client has to pay tax every month?
Yes , every month , upto 13/10/17 as deferred by noti. 38 , till 31/3/18,
& as per noti. 10/2018 , further deferred to 30/6/17
& as per noti. 10/2018 , further deferred to 30/6/17
Yes he has to pay tax on RCM on payment basis from July.........
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