Rcm on composition delaer

ABHI KUMAR (710 Points)

03 May 2023

rcm frieght paid monthly 2000
we r composition delaer
rcm paid or not
nd how to show rcm in composition return

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3 Replies

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 04 May 2023

Yes RCM u/s 9(3) is applicable on Composition taxpayers

report RCM transaction in table 3 of Row 2 " Inward supplies attracting reverse charge"

CA SANDESH MAHIPAL (Practicing in GST and MSME ) (1985 Points)
Replied 04 May 2023

RCM will be applicable at normal tax rate. Report in 3B as advised by Pankaj Ji.

However, being Composition dealer, you will not be able to avail the ITC.

Regards

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ABHI KUMAR (710 Points)
Replied 04 May 2023

Thanks.pankaj ji nd sandesh ji many thanks

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