A registered dealer received goods/supply from Unregistered dealer. After he falling under RCM...
Then, The registered dealer received goods/supply from Composite Registered dealer...! Then How to dealt this transaction... If its fall Under RCM or Not...? If yes how to calculate Tax...? If no how to account this one...?
01 July 2017
If a regd person purchases from URD, he will not fall under RCM because tax will be paid by composite dealer. The amount paid will be cost and no ITC can be availed by buyer.
CAclubindia
