reverse mechanism
Hiten Shah (77 Points)
14 April 2018Hiten Shah (77 Points)
14 April 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178099 Points)
Replied 14 April 2018
Once RCM applicable (may be after 01.07.2018), you under composition scheme will be liable to pay GST under RCM, for all your inward supplies from URD........ but unfortunately, you cannot claim it, because output GST not chargeable by CMP dealer.......... It means it will be absorbed by you (including output GST)
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 14 April 2018
Composition scheme not available for services of renting.