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rent paid to urd
in composition scheme rent paid for shop to unregistered dealer what is impact of reverse mechanism , how can I pay as I can't claim
Replies (2)
yes you need to pay GST @ 18% on rent and you can't avail the credit of that.
You will be required to pay tax under RCM @ 18%. As you are composition dealer, ITC won't be available to you.
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