I m composition dealer. I purchased from URD. My product nill rated.
Papad, chakali etc.
I liable to pay reverse charge?
If yes at what Rate?
7 Replies
anshul aggarwal
(Consultant)
(1074 Points)
Replied 02 October 2017
RCM is payable only for taxable goods purchase from URD.
prasad
(EMPLOYEES)
(315 Points)
Replied 02 October 2017
how much rate for RCM from unregistered purchased if taxable
anshul aggarwal
(Consultant)
(1074 Points)
Replied 02 October 2017
No fixed rate. rate will depend on item purchased. 5, 12,18 or 28
anshul aggarwal
(Consultant)
(1074 Points)
Replied 02 October 2017
whatever is the taxable rate of item purchased that is payable under RCM.
anshul aggarwal
(Consultant)
(1074 Points)
Replied 02 October 2017
Same will apply to both goods and services taken from URD. however supplies worth 5000 per day are exempted
prasad
(EMPLOYEES)
(315 Points)
Replied 02 October 2017
thank sir
how to show GSTR 4 if I sale amount 125000 I required pay 1 %
how to show GSTR 4 if I sale amount 125000 I required pay 1 %
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