A is dealer,who is registered under composition scheme. If B purchased from A,then is B needed to pay GST on those goods by reversed charged mechanism ??
6 Replies
lohitha.surisetti
(Student CA IPC / IPCC)
(220 Points)
Replied 31 January 2018
no ,since A will be paying tax under composite scheme.
RAJAT KUMAR
(69 Points)
Replied 31 January 2018
no ,as explanation given by gst act if person is not registered person then liable to pay gst under RCM,,as per your query,the composition schemes person is registered person
Vedangi Deshmukh
(112 Points)
Replied 31 January 2018
Can B pay tax for getting input tax credit ,if it is beneficial to B ?
lohitha.surisetti
(Student CA IPC / IPCC)
(220 Points)
Replied 31 January 2018
no,in case of purchases from composite scheme ,u cannot claim ITC
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 31 January 2018
A is under composition scheme issue bill of supply without GST .so how RCM will applicable to B ?.
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 31 January 2018
A is under composition scheme issue bill of supply without GST .so how RCM will applicable to B ?.
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