Dear all,
If a Dealer "X " is registered under Composition scheme and selling goods to " B Pvt Ltd." ( a co. Registered under normal scheme) of value above 5000.
.
Do, we i.e. " B Pvt Ltd.". need to pay GST on Inward supply of goods from " Dealer X" under Reverse Charge Basis???
.
.
Thanks in advance
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Reverse Charge Basis
Replies (9)
RCM is applicable only in case of unregistered purchase
But Dealer X is registered so no issue of RCM
But Dealer X is registered so no issue of RCM
u will not get ITC on that purchase
DEAR RAMESH JI PLZ EXPLAIN THE LOGIC OF ITC IF SUPPLIED BY THE COMPOSITION DEALER. COMPOSITION DEALER CAN NOT SHOW THE TAX AMOUNT IN HIS INVOICE, ITS MEANS HOW ITC QUESTION ARISE? WILL GET OR NOT GET?
Agreed with Momin Ali
Please answer the question of mr.Himanshu Gupta yes RCM is applicable for B Pvt.Ltd.
RCM is not applicable since dealer X is a registered person. Whether composite scheme or normal does not matter.
rcm is not applicable as tax is already paid by the composition scheme dealer and no itc as he has paid minimal amount of tax
| Originally posted by : RAMESH D MODI | ||
 |
u will not get ITC on that purchase |  |
Yes Mr. RAMESH D MODI you are correct. I agreeeeeeeeeeeeed to you...
| Originally posted by : Momin Ali | ||
|
DEAR RAMESH JI PLZ EXPLAIN THE LOGIC OF ITC IF SUPPLIED BY THE COMPOSITION DEALER. COMPOSITION DEALER CAN NOT SHOW THE TAX AMOUNT IN HIS INVOICE, ITS MEANS HOW ITC QUESTION ARISE? WILL GET OR NOT GET? | |
Dear Momin Ali.,
The registered Dealer Purchased from Composition Dealer.
What are the benefit for the RD...?
What is the difference for RD purchase from RD and CD...?
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