rcm frieght paid monthly 2000
we r composition delaer
rcm paid or not
nd how to show rcm in composition return
Menu
Rcm on composition delaer
Replies (3)
Quick Summary
Yes RCM u/s 9(3) is applicable on Composition taxpayers
report RCM transaction in table 3 of Row 2 " Inward supplies attracting reverse charge"
report RCM transaction in table 3 of Row 2 " Inward supplies attracting reverse charge"
RCM will be applicable at normal tax rate. Report in 3B as advised by Pankaj Ji.
However, being Composition dealer, you will not be able to avail the ITC.
Regards
Thanks.pankaj ji nd sandesh ji many thanks
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
