Reverse charge


tax consultant

Reverse charge applicable under composition scheme when registered dealer purchase from unregistered dealer?
 
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Student CA Final

not applicable
 
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Working

Yes reverse charge will be applicable at the standard rate on that particular service

 
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Reverse charge is applicable at the appropriate rate of such services and goods
 
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Student CA Final

can't opt for rcm if payment is required to be made on rcm...
 
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PROPRIETOR - P M RAJA AND CO (TAX CONSULTANTS - AUDITORS)

@ Avijit Pal...
* If A registered dealer purchased from URD then RCM ll applicable to the Registered Dealer...
* Registered dealer Purchased from Composition Dealer then RCM can't applicable to the Registered dealer. The registered dealer ll be loss his ITC...
 
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Student CA Final

Well if a registered dealer purchased from unregistered one then under RCM registered dealer is required to pay Gst...

Now in case if a person opts for composition scheme the such dealer can't collect Gst, not required to pay Gst, can't avail ITC etc.... So if a composite dealer purchased from unregistered dealer how can he pay Gst... Bcoz he is only required to pay Gst @ 1% or 2% or 5% only at the end...
 
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PROPRIETOR - P M RAJA AND CO (TAX CONSULTANTS - AUDITORS)

No, It's under RCM to Composition Dealer. Then he ll be pay to govt that taxes under RCM....
 
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yes Raja PM ji correct and composition dealer will have to pay Rcm and he can not claim it and due date is 18th of quarterly basis along with tax.

Total likes : 1 times

 
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PROPRIETOR - P M RAJA AND CO (TAX CONSULTANTS - AUDITORS)

Yes, You are Exactly Correct Mr. Momin Ali....
 
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