Related to composition scheme

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4 Points Posted on 29 October 2020
Is RCM applicable to those composition dealer who purchase goods from unregistered dealer?
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On 29 October 2020 at 20:45 Report
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This discussion clarifies that the Reverse Charge Mechanism (RCM) is generally not applicable to composition scheme dealers when purchasing goods from unregistered dealers. Currently, RCM on purchases from unregistered dealers is primarily limited to specific scenarios like real estate developers or notified goods/services procured by notified persons under the CGST Amendment Act 2018.

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Accountant
3662 Points Posted on 29 October 2020
No RCM on goods purchased from unregistered dealer
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On 29 October 2020 at 20:56
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Student
23693 Points Posted on 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.
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On 29 October 2020 at 21:33
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Tax consultant
5895 Points Posted on 30 October 2020
No not applicable for composition dealer who purchased from unregistered
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On 30 October 2020 at 00:15

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