composite

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8 Points Joined July 2017
agar composite dealer kisi dusare composite dealer ko mal bechata hai to kisi ko koi tax liability banati hai ?
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On 29 July 2017 at 15:44 Report
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Proprietor
4869 Points Joined January 2010
yes both have to pay 1% on sale.
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On 29 July 2017 at 15:55
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8 Points Joined July 2017
but, dusare dealer ko koi reverse charge pay karana padata he kya ?
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On 29 July 2017 at 15:58
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Proprietor
4869 Points Joined January 2010
no RCM to pay
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On 29 July 2017 at 16:01
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Proprietor
4869 Points Joined January 2010
no RCM to pay
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On 29 July 2017 at 16:01
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Proprietor
4869 Points Joined January 2010
RCM is applicable when purchased from unregistered.
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On 29 July 2017 at 16:02
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Manager-Accounts & GST Consultant
5124 Points Joined July 2014

The seller composite dealer has to pay tax as normal quarterly.

There is no impact on buyer composite dealer.

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On 29 July 2017 at 16:23
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abc
12 Points Joined July 2013
can i get credit when i purchase goods or service from registered under composite scheme
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On 29 July 2017 at 16:52
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abc
12 Points Joined July 2013
can i get credit when i purchase goods or service from registered under composite scheme
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On 29 July 2017 at 16:52
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abc
12 Points Joined July 2013
can i get credit when i purchase goods or service from registered under composite scheme
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On 29 July 2017 at 17:03
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Manager-Accounts & GST Consultant
5124 Points Joined July 2014

No sir....

The composite dealer cannot pass the credit, so the customer cannot take the credit...

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On 29 July 2017 at 17:14
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abc
12 Points Joined July 2013
what is procidure to book invoice in rcm
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On 29 July 2017 at 17:27
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abc
12 Points Joined July 2013
what is procidure to book invoice in rcm
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On 29 July 2017 at 17:27
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Sole Proprietor
929 Points Joined July 2012

No Credit when purchased under Composition scheme.

No RCM when purchased from Composition Scheme dealer. RCM only when purchased fron Unregistered dealers.

Pay tax @ 1% as output tax on sales.

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On 29 July 2017 at 18:17
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23 Points Joined July 2017
In composition scheme Tax @ 1% is payable on turnover As value of tax free goods is also considered in it
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On 01 August 2017 at 14:04


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