I have GST Registration under Regular Composition Scheme being a Retailer/Trader. Kindly let me know if I make purchases from unregistered dealer do I need to pay RCM on the same?
2 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 16 March 2020
No.......there is no RCM on inward supply from URD except if Receptient is Promotor/developer that to be subject to conditions prescribed in Notification 7/2019 CT (r).
So for your RCM is not applicable
So for your RCM is not applicable
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 22 July 2020
No, you are not required to pay RCM
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