RCM under Composition scheme

185 views
User Avatar

B.com CS(inter) -ongoing
170 Points Posted on 29 August 2020
Sir,. GTA invoices upload reflect ed in GSTR 4A.We r the composition dealer! Sir,What is the impact regarding this..
0 Reply Share Follow
On 29 August 2020 at 10:43 Report
Replies (3)
Quick Summary
This discussion clarifies the implications for composition dealers when GTA invoices appear in GSTR 4A. As a composition dealer, you cannot claim input tax credit. You are liable to pay GST under Reverse Charge Mechanism (RCM) for GTA services received, particularly if individual bill amounts exceed £750.

User Avatar

3924 Points Posted on 29 August 2020
Composition dealer not eligible for input Tax credit .
Reply
On 29 August 2020 at 10:57
User Avatar

615 Points Posted on 29 August 2020
You are liable to pay tax on GTA under RCM.
Reply
On 29 August 2020 at 11:06
User Avatar

Tax and Business Consultant
11616 Points Posted on 30 August 2020
You are liable to Pay GST under RCM for GTA services received if Per Bill amount is more than 750/-
Reply
On 30 August 2020 at 00:36

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Updating form 10-ee and Schedule FA if there is ch
  2. Sale of property in SLUM area ....SRA
  3. GST applicability on Shipping charges
  4. Outstanding Demand in Income Tax: How To Respond?
  5. LTCG on property sale
  6. Capital gains incidence due to bonus shares
  7. Amendment of Object Clause of Memorandum
  8. How Can I Request a Refund for an Accidental Airte
  9. TDS on salary paid in cash
  10. YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU

More recent discussions | Post

Related Topics :

Loading