a person who is avail this scheme can he sale ragisterd dealer and what is disadvantage for ragistered dealer
10 Replies
R. CHANDRAN
(Income Tax Practitioner)
(40 Points)
Replied 12 July 2017
yes he can sale to reg. dealer. dealer has to pay RCM
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 12 July 2017
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.
CA Pankaj Goel
(Self Employed)
(74 Points)
Replied 12 July 2017
composit dealer can not collect tax from customers, so regd. person will be benefited by this purchase from composit dealer
CA Prabhakar Sinha
(Finance)
(36 Points)
Replied 12 July 2017
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.
afsal
(business)
(27 Points)
Replied 12 July 2017
thanks...
pls give composite dealer sales bill format
pls give composite dealer sales bill format
CA Prabhakar Sinha
(Finance)
(36 Points)
Replied 12 July 2017
in your case you need to issue BILL OF SUPPLY.
Cases where a registered supplier needs to issue bill of supply:
- Supply of exempted goods or services
- Supplier is paying tax under composition scheme
Ravi agarwal
(8 Points)
Replied 12 July 2017
I am want to register under Competition Scheme under GST.... kindly explain me how to process with the following
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