RCM ON COMPOSITE SUPPLY

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..... RCM ON COMPOSITE SUPPLY
Query (Issue) Started By: - Kusalava InternationalLimited Dated:- 5-8-2017 Last Reply Date:- 8-8-2017 Goods and Services Tax - GST
Got 6 Replies
GST
We are purchas .....

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..... ed stationery items from composite supplier.RCM applicable on purchases or not? Reply By MARIAPPAN GOVINDARAJAN: The Reply: A person who opts to pay under composition scheme is registered with the G .....

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..... ST. He is to pay lesser percentage of tax to the Department. He is not to recovery any tax from the recipient of the service. He is a registered person. So RCM is not applicable in case of purchases f .....

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..... rom such composite supplier. Reply By KASTURI SETHI: The Reply: Querist is mixing the word 'Composition: with 'Composite'. Reply By Kusalava InternationalLimited: The Reply: I have ask .....

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..... ed about Composition Scheme only. Reply By HimansuSekhar Sha: The Reply: No the saidv person is also a registered person. Reply By Kishan Barai: The Reply: If you are composite supplier no RCM wou .....

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..... ld be applicable, else RCM applicable if purchase crosses above 5000 INR in a day. Reply By raj kumar shukla: The Reply: Since composition dealer would obviously be a registered person, purchases m .....

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..... ade from a registered person would not attract RCM.
Discussion Forum - Knowledge Sharing .....

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