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RCM in composition scheme.
is RCM applicable for composition scheme and is what is the liability on dealer
Replies (2)
RCM applicable to Composition Dealers...
Liability - What is the items rate that is the liabilities....
Liability - What is the items rate that is the liabilities....
It’s important to note that, a taxable person who is eligible for payment of tax under composition scheme under section 10 of CGST/SGST Act, is also under obligation to pay tax under normal rates in respect of supply of goods/service received by him from unregistered persons, failing which benefit of composition scheme would not be applicable to him.
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