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Rcm query

RCM 252 views 5 replies
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Suppose I'm Composition dealer and I am paying rent to my landlord rs.20000 p.m.,then I have to pay tax on RCM basis, and I can not claim credit on the taxes paid, Does this mean hardship to composition dealers??????

Since they can't claim input tax credit.

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On 11 August 2017 at 12:45 Report
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ca student
110 Points Posted on 11 August 2017
Yes. You are absolutely correct.
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On 11 August 2017 at 13:24
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Manager-Accounts & GST Consultant
5124 Points Posted on 11 August 2017

Yes its the way it is...

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On 11 August 2017 at 13:26
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1464 Points Posted on 11 August 2017
But only beneficial route is your land lord is registered in GST. So he will be issuing you Rent Invoice charging GST and adjust against his ITC.
Am I correct ?
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On 11 August 2017 at 13:41
Guest
But sir ....even if landlord is registered under GST, then also composition dealer can't avail Input tax credit. So GST paid under RCM by composition dealer will be cost to dealer since they can not claim credit for it.
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On 11 August 2017 at 13:47
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1464 Points Posted on 11 August 2017
When landlord is regd and issues rent invoice charging GST what is need of composition dealer paying GST under RCM
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On 11 August 2017 at 15:43


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