Reverse charge

RCM 674 views 18 replies
User Avatar

tax consultant
24 Points Joined October 2009
Reverse charge applicable under composition scheme when registered dealer purchase from unregistered dealer?
0 Reply Share Follow
On 16 July 2017 at 17:22 Report
Replies (18)
User Avatar

Student CA Final
61 Points Joined July 2015
not applicable
Reply
On 16 July 2017 at 17:37
User Avatar

Working
119 Points Joined December 2008

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

Reply
On 16 July 2017 at 17:38
User Avatar

18 Points Joined January 2016
Reverse charge is applicable at the appropriate rate of such services and goods
Reply
On 16 July 2017 at 17:41
User Avatar

Student CA Final
61 Points Joined July 2015
can't opt for rcm if payment is required to be made on rcm...
Reply
On 16 July 2017 at 18:00
User Avatar

"Do the Right Thing...!!!"
128116 Points Joined January 2015
@ 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...
Reply
On 16 July 2017 at 18:13
User Avatar

Student CA Final
61 Points Joined July 2015
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...
Reply
On 16 July 2017 at 18:43
User Avatar

"Do the Right Thing...!!!"
128116 Points Joined January 2015
No, It's under RCM to Composition Dealer. Then he ll be pay to govt that taxes under RCM....
Reply
On 16 July 2017 at 18:50
User Avatar

156 Points Joined July 2017
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.
1 Reply
On 16 July 2017 at 19:07
User Avatar

"Do the Right Thing...!!!"
128116 Points Joined January 2015
Yes, You are Exactly Correct Mr. Momin Ali....
Reply
On 16 July 2017 at 19:29
User Avatar

Professional
34 Points Joined April 2011

Reverse charge applicable at normal rates and not composition tax rates.. the taxable person would not be  able to claim credit of the same

Reply
On 16 July 2017 at 19:51
User Avatar

1518 Points Joined March 2017
RCM is applicable when registered dealer purchase from unregistered

But if registered dealer purchase from composition dealer RCM not applicable because both are registered
Reply
On 16 July 2017 at 22:30
User Avatar

1518 Points Joined March 2017
Composition dealer has to pay GST liability
Reply
On 17 July 2017 at 16:42
User Avatar

CA final Student
46 Points Joined May 2011
Whether RCM is applicable if a registered person is purchasing from different unregistered person and purchase is less than 5000rs from each person...however overal purchase is more than 5000 from unregistered persons in a day. Whether RCM is applicable?
Reply
On 17 July 2017 at 18:48
User Avatar

CA final Student
46 Points Joined May 2011
Whether TDS @ 1% is to be deducted by unregistered person if business purchases​ from registered supplier is greater than Rs. 2,50,000/-
Reply
On 17 July 2017 at 18:52


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading