RCM LIABILITY OF COMPOSITION DEALER

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11 Points Posted on 15 January 2020
Does a composition dealer need to pay RCM if he purchases from an unregistered person.
Also, Can a dealer of Non Branded Atta opt for Composition Scheme and declare liability as Nil
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On 15 January 2020 at 00:22 Report
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Quick Summary
This discussion clarifies whether a composition dealer is liable to pay Reverse Charge Mechanism (RCM) when purchasing goods from an unregistered person. The consensus is that RCM is generally not applicable to such inward supplies, with a specific exception for promoters/developers under certain conditions. It also touches upon the eligibility of non-branded atta dealers for the composition scheme.

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"Do the Right Thing...!!!"
128157 Points Posted on 15 January 2020
No... rcm not applicable.
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On 15 January 2020 at 07:27
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Tax and Business Consultant
11616 Points Posted on 22 July 2020
No.......there is no RCM on inward supply from URD except if Receptient is Promotor/developer that to be subject to conditions prescribed in Notification 7/2019 CT (r).

So for your RCM is not applicable
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On 22 July 2020 at 10:07

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