Composition under RCM
sanchu (Accountant) (1 Points)
14 December 2019
if a registered person buys some goods from composite dealer such transaction comes under the purview of RCM.
1 Replies
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 22 July 2020
No, If regular register party purchase from composition party than RCM is not applicable
Assessee under composition scheme has to discharge the tax liability on his turnover on his own account, the also can not charge GST to seller.
Assessee under composition scheme has to discharge the tax liability on his turnover on his own account, the also can not charge GST to seller.
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