Student CA Final
36 Points
Joined October 2013
Ms. Upasana Gupta,
Can you please elaborate this line
"These taxes will be liable to be paid as a normal tax payer"
Shall I interpret this line that if a Composition dealer (Ready made Garments Trader) is taking services of a Tailor for stiching cloths and paying him Rs.15000 per day to him.
Then too, the compostion dealer is not required to pay any Tax under RCM as he has to only pay GST at 1% of its total turnover.