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rcm on composition dealer
rcm is applicable both regular and composition dealer but what is the rate of rcm for composition dealer
Replies (3)
Any tax payable under Reverse Charge Mechanism will not be covered under the composition scheme. These taxes (RCM) will be liable to be paid as a normal tax payer at rates as may be applicable for the respective goods/services
.
If composition dealer pay tax under rcm basis, such tax can he claim ITC?
itc of rcm charges claims regular dealer only
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