hello experts
one builder is making building project and purchase goods and service from register and non register so as per rcm rule 80% minimum purchase from register so if builder purchase from composition registerd person its also include in 80 % or it will be consider as non register and builder is liable to pay @ 18% at end of year
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Section 9(4)rcm on builder purchase from compositions
Replies (4)
Composition dealers are registered under GST and hence GST at 18% is not required to be paid separately by treating it as procured from unregistered person.
Only procurements from unregistered persons should be considered for checking the cut-off of 20% procurements from unregistered persons.
No the Builder is not required to pay GST under Reverse Charge Mechanism ( RCM ) for the inputs procured from Composition Scheme Dealers.
Composition Scheme Dealers are Registered Person under GST by virtue of Section 10(1) of the CGST Act 2017.
Composition Scheme Dealers are Registered Person under GST by virtue of Section 10(1) of the CGST Act 2017.
Composition dealer is registered dealer in GST , hence inward supply from him consider as purchase from registered dealer.
Ok thank you very much for all great suggestions thanks a lot
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