Related to composition scheme
Dinesh Vasnani (4 Points)
29 October 2020
Is RCM applicable to those composition dealer who purchase goods from unregistered dealer?
3 Replies
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 29 October 2020
No RCM on goods purchased from unregistered dealer
Shivam RC
(Student)
(23683 Points)
Replied 29 October 2020
As of now Section 9(4) i.e. RCM on Purchase from Unregistered Dealer is applicable only on Developers / Promoters of Real Estate Sector.
After the CGST Amendment Act 2018, RCM on Purchase from Unregistered Dealer is applicable only on Notified Goods /Services procured by Notified Persons.
After the CGST Amendment Act 2018, RCM on Purchase from Unregistered Dealer is applicable only on Notified Goods /Services procured by Notified Persons.
ayusmita
(Tax consultant)
(5890 Points)
Replied 30 October 2020
No not applicable for composition dealer who purchased from unregistered
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