Does a composition dealer need to pay RCM if he purchases from an unregistered person.
Also, Can a dealer of Non Branded Atta opt for Composition Scheme and declare liability as Nil
2 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 15 January 2020
No... rcm not applicable.
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 22 July 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
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