Rcm on composition delaer

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744 Points Posted on 03 May 2023
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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On 03 May 2023 at 12:53 Report
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Quick Summary
This discussion clarifies the applicability of Reverse Charge Mechanism (RCM) for composition dealers under GST. It confirms that RCM is applicable on certain inward supplies for composition taxpayers, with tax payable at the normal rate. While RCM transactions must be reported in Table 3 of the GST return, composition dealers cannot claim Input Tax Credit (ITC) on these supplies.

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GST Practitioner
55067 Points Posted on 04 May 2023
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"
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On 04 May 2023 at 00:15
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Practicing in GST and MSME
1985 Points Posted on 04 May 2023

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

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On 04 May 2023 at 13:52
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744 Points Posted on 04 May 2023
Thanks.pankaj ji nd sandesh ji many thanks
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On 04 May 2023 at 23:52

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