dear gental person plz confirm that, if I purchased 6000 rs from composit dealer would I will be liable to pay gst under RCM.
11 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 23 August 2017
No.
[RCM provision will apply only if the recipient is registered and the supplier is unregistered. A supplier who has opted for composition would not charge GST on his supply but is nevertheless registered and does not attract this provision.]
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 23 August 2017
RCM liability arises on purchase from unregd dealers. Composite dealers are registstered dealers.
MOHD AFROZ
(STUDENT)
(1480 Points)
Replied 24 August 2017
When purchased from Unregistered registered delear, it will attract to RCM. If purchaed from Composite delear it will not attract to RCM because composite delear is a registered delear as per GST Act.
akshay
(student)
(31 Points)
Replied 27 January 2018
Dear All ,
Composition Dealer is a Registerd Dealer , although he is not eligible to collect tax from cousmer nor he is eligible for ITC on purchase he is not seem exempt from law
Kamal Verma
(Financial advisor)
(582 Points)
Replied 27 January 2018
RCM on purchase from unregistered dealer has been postphoned till 31st March'2018.
Jitendra Golecha
(8 Points)
Replied 31 March 2018
I am registered as composite retailer. I have one shop,which I want to give on rent.rent is 35000 per month. What is about RCM on rent?
Pls guide
Shubham Parashar
(2 Points)
Replied 22 April 2023
But what if goods supply by CMP. dealer are taxable. But no gst collect or no RCM applies here. Than what about gst. Who pays the gst for this supply for these goods on their tax rate ???
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