a person who is avail this scheme can he sale ragisterd dealer and what is disadvantage for ragistered dealer
a person who is avail this scheme can he sale ragisterd dealer and what is disadvantage for ragistered dealer
A composite dealer can sale goods to regd dealer, but he will not be able to pass on the credit so regd persons may not be willing to purchase from composite dealer.
register dealer is not liable to pay RCM if he purchase goods from composition dealer. RCM would be applicable only in the case when registered buys from unregistered dealer.
in your case you need to issue BILL OF SUPPLY.
Cases where a registered supplier needs to issue bill of supply:
| Originally posted by : Md Chand | ||
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what is Rcm |  |
RCM means Reverse Charge Mechanism
WHere the liability to pay tax is on service/goods receipient
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