composition dealer

122 views 2 replies
User Avatar

trainee
86 Points Joined October 2011
a composition dealer is a trader, purchase goods from unregistered dealer. I want to know that is he liable to pay GST on such purchase as prescribed rate or not? or only pay GST on his turnover.
0 Reply Share Follow
On 20 September 2017 at 09:26 Report
Replies (2)
User Avatar

SEO Sai Gr. Hosp.
210662 Points Joined July 2016

Both. GST under RCM when goods purchased from URD. and finally output gst over sell turnover.

Reply
On 20 September 2017 at 09:39
User Avatar

Chartered Accountant
86505 Points Joined April 2011
He is liable to pay GST on purchase from unregistered under RCM at normal rate.

Also no ITC of same is available to you .
Reply
On 22 September 2017 at 01:01


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading