In composition scheme if I purchase 1000/- goods ( 5 % taxable item)from u/r person..
is me have to pay reverse charge for those purchase.
| Originally posted by : Kartik Ram | ||
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In composition scheme if I purchase 1000/- goods ( 5 % taxable item)from u/r person..is me have to pay reverse charge for those purchase. |  |
From 13-10-2017 :
No need to pay tax Under RCM basis...
From 1st July to 12th October 2017 :
Yes... You ll be pay tax under RCM basis and you can't get any ITC...
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