23 September 2017
Suppose I am a composition dealer under GST act and I file my ITR u/s 44AD. So how will I calculate my RCM liability, as I don't maintain any cash book or ledger. (These are not mandatory as per section 44AD of Income Tax Act). How will any body (read department) will know that I have paid more Rs 5000 in a day to URD ?
CAclubindia
