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Rcm on composition
if a registered party purchase from composition party. is RCM applicable?
Replies (5)
Quick Summary
In my opinion, rcm will not be applicable in such a case.
RCM will not be payable in your case.
COMPOSITION PARTY HAVE TO PAY TAX UNDER RCM
No..
1. it is not covered under section 9(3) of CGST Act, 2017.
2. Simple logic, assessee under composition scheme has to discharge the tax liability on his turnover... if recipient will have to pay under RCM.... then there will be double taxation.
1. it is not covered under section 9(3) of CGST Act, 2017.
2. Simple logic, assessee under composition scheme has to discharge the tax liability on his turnover... if recipient will have to pay under RCM.... then there will be double taxation.
No, If regular register party purchase from composition party than RCM is not applicable
Assessee under composition scheme has to discharge the tax liability on his turnover on his own account, the also can not charge GST to seller.
Assessee under composition scheme has to discharge the tax liability on his turnover on his own account, the also can not charge GST to seller.
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