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reverse mechanism
currently reverse mechanism on rent is suspended, but I want to know what will be impact as I am in composition scheme how can I pay in get under reverse mechanism and how can I claim again
Replies (3)
Once RCM applicable (may be after 01.07.2018), you under composition scheme will be liable to pay GST under RCM, for all your inward supplies from URD........ but unfortunately, you cannot claim it, because output GST not chargeable by CMP dealer.......... It means it will be absorbed by you (including output GST)
sir but is it applicable for rent paid
Composition scheme not available for services of renting.
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