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Treatment of Reverse Charge for Composite Dealers...

RCM 1105 views 5 replies
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44 Points Posted on 27 June 2017
Respected Sir, Could you please tell me if anyone Opt to take registration under Composition Scheme....then what happen if he purchase anything from unregister dealers...reverse charge applicable on it...tell me about its return or input tax credits
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On 27 June 2017 at 18:49 Report
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61 Points Posted on 27 June 2017
rule 3 clause d specific if a person opt to pay tax on composition scheme and purchase from unregistered dealer than he has to pay tax on said purchase on normal provision because composition will not apply in this case. and ITC of said purchase will not available.
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On 27 June 2017 at 19:24
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Student cum businessman cum professional
859 Points Posted on 27 June 2017
The composition dealer will have to pay tax on normal rate under RCM. Because he is a composition dealer, he can't claim ITC.
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On 27 June 2017 at 19:31
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student
202 Points Posted on 27 June 2017
but sir anyways if composite dealer buys goods from registered dealer then also he has to pay tax...
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On 27 June 2017 at 22:07
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student
202 Points Posted on 27 June 2017
please correct me if I'm wrong
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On 27 June 2017 at 22:08
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Student cum businessman cum professional
859 Points Posted on 27 June 2017
Mr.Sandesh Shet, if composite dealer purchases goods from registered dealer then RCM is not applicable in this case. The supplier will pay tax.
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On 27 June 2017 at 22:26


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