RCM is applicable on composite scheme dealor
plzzz reply
Any tax payable under Reverse Charge Mechanism will not be covered under the scheme. These taxes will be liable to be paid as a normal tax payer.
7 Replies
makkhan sharma
(203 Points)
Replied 18 July 2017
UPASANA GUPTA JI READ AGAIN AND REPLY,I THINK HE SHOULD PAY RCM .
Kunal Pansari
(Accountant)
(1037 Points)
Replied 18 July 2017
Yes, RCM is applicable to composite dealers at regular rates.
Sheetal Devaki
(Proprietor)
(171 Points)
Replied 18 July 2017
Right, for retail medical stores, composition is hell
Faheem Akram
(802 Points)
Replied 19 July 2017
i think it will not be coverd only they will pay tax on turnover...
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