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RCM charges on purchase
If a composition dealer purchases from unregistered person is he liable to pay tax on reverse charge basis , and is there any notification regarding this ?.Please members kindly guide on this issue.
Replies (3)
No ..... the section 9(4) , the RCM on Inward Supply from URD is applicable only on Promotor/developer. (Refer Notification 7/2019, 24/2019 both are of CT rate
Does trader comes under promotor /developer ?
No... Traders can't come under promotor / developers...
Promotors / developers is who are in the field of Construction Business persons / company.
Promotors / developers is who are in the field of Construction Business persons / company.
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