dear sir
I want to know that reverse charge system is applicable on compostio. dealer, dealer hv to paid rcm
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RCM applicable to composition dealer
Replies (6)
Any tax payable under Reverse Charge Mechanism will not be covered under the scheme. These taxes will be liable to be paid as a normal tax payer
if composition dealer purchase urd supply then what is the tax liability on him
If composition dealer purchases from urd then he will have to pay tax under rcm.
ok thx sir
kindly tell me abt transport of rate 5 % and 18 %
yes rcm payable @ 5%
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