rcm on composition dealer
Prakash Chauhan (172 Points)
07 September 2017
rcm is applicable both regular and composition dealer but what is the rate of rcm for composition dealer
3 Replies
Sanjay S
(Chartered Accountant)
(1375 Points)
Replied 07 September 2017
Any tax payable under Reverse Charge Mechanism will not be covered under the composition scheme. These taxes (RCM) will be liable to be paid as a normal tax payer at rates as may be applicable for the respective goods/services
.
mahendra sahoo
(Gst Practicion)
(700 Points)
Replied 08 September 2017
If composition dealer pay tax under rcm basis, such tax can he claim ITC?
ravivura8019@gmail.com
(71 Points)
Replied 08 September 2017
itc of rcm charges claims regular dealer only
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