what if a composite dealer purchases silk yarn from unregistered dealer?
whether he have to pay tax under RCM on said purchases?
Not till March, 2018......... or till further notified (for supplies u/s. 9(4) of CGST act)
4 Replies
MANISH KUMAR MASKARA
(M)
(199 Points)
Replied 11 November 2017
silk yarn is covered u/s 9(3), and is still applicable for RCM,my query is about composite dealer whether he has to pay tax under RCM
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183108 Points)
Replied 11 November 2017
YES, for RCM on GST u/s. 9(3) of CGST act.......
CA Naveen Chand
(Chartered Accountant)
(12734 Points)
Replied 11 November 2017
A Composition Dealer has to pay tax under Reverse Charge Mechanism wherever applicable. There is no exemption to a composition dealer here.
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