Gst for composite dealer

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

09 April 2018 I would like to clarify the following

If a dealer(Trader) opt Composite from the beginning whether he need to pay the Tax under RCM if he purchased from Unregd Dealer ? If yes what rate of Tax has to be paid? Whether 1% or the GST rate for the concerned goods?

Whethern a composite delaer can do Inter state Purchase? Is it require to pay tax under RCM?

Whether he need to pay Tax (under RCM) on stock held (as on 30.6.2017) by him before GST?

Is there any exemption notification regarding no Tax on purchased from unregistered Dealer?

Expert : Anonymous

Expert : Anonymous (Expert)

09 April 2018 1. RCM is required to be paid at normal rate not 1%. but same is postponed to 30 June 2018.

Expert : Anonymous

Expert : Anonymous (Expert)

09 April 2018 2. No 3. Yes 4.Exempt till 30 June 2018.

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