rcm frieght paid monthly 2000
we r composition delaer
rcm paid or not
nd how to show rcm in composition return
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Rcm on composition delaer
Replies (3)
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
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