Composition dealer need to pay RCM on purchase from URD?
Saurabh Malani (32 Points)
04 August 2022
Composition dealer need to pay RCM on purchase from Unregistered purchase ..?
2 Replies
Kuldeep Negi
(12 Points)
Replied 04 August 2022
Yes, composition dealer has to pay RCM if purchase made from unregistered person
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 05 August 2022
No. There is no such requirement to pay GST under RCM for procurements from unregistered person. The requirement was only there from 01.07.2017 to 12.10.2017. There is no requirement today. It is applicable only for real estate industry.
Recent Topics
- Asset Declaration in ITR2
- CGST/SGST Input tax Classification in Tally Prime
- PREFERENCE SHARES - NBFC
- Vivad se vishwas scheme 2024
- List of banks for tax payments available at e-Pay
- Excess itc claimed then intrest applicable even if
- Financing for Properties and Businesses
- TAX DEMAND STILL SHOWING ON INCOME TAX PORTAL, EVE
- FORM 10 IEA IN Revised return
- ITC Eligibility on GTA
Related Threads
CAclubindia
