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Composition scheme

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student
89 Points Posted on 23 February 2018

I am a composition person and if I make purchase from a composition person then will I have to pay any reverse charge?

Am I allowed to to make purchase from composition person ?

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On 23 February 2018 at 14:28 Report
Replies (4)
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Article Assistant
268 Points Posted on 23 February 2018

Sir,

as per my understanding of law,

there is no bar on purchases from whom you have to make. 

and onemore thing is, you no need to pay any tax under reverse charge if you make any purchases from a composite dealer

 

Thanks

1 Reply
On 23 February 2018 at 15:03
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banglore
1496 Points Posted on 23 February 2018
any purchase by registered person from unregistered person is liable to RCM under sec 9(4) of CGST Act. Since composition person is a registered person no need to pay RCM on purchases from him.

Also note that RCM u/s 9(4) of CGST Act is deferred from 13th oct 2017 to 31st March 2018
6 Reply
On 23 February 2018 at 21:09
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Student
3154 Points Posted on 24 February 2018
No you don't have to pay tax under RCM if supplier is also registered under composition scheme.

Yes you are allowed to make purchase from composite supplier.
but in any case you can not claim ITC.
7 Reply
On 24 February 2018 at 23:58
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Student
3154 Points Posted on 24 February 2018
No you don't have to pay tax under RCM if supplier is also registered under composition scheme.

Yes you are allowed to make purchase from composite supplier.
but in any case you can not claim ITC.
7 Reply
On 24 February 2018 at 23:58


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