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RCM on composition scheme
If a regular party purchase from composition party, does RCM applicable ?
Replies (3)
Quick Summary
No RCM is applicable only for the specified services which does not include Composition Scheme
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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