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RCM ON COMPOSITE SUPPLY, Goods and Services Tax - GST |
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RCM ON COMPOSITE SUPPLY |
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We are purchased stationery items from composite supplier.RCM applicable on purchases or not? Posts / Replies Showing Replies 1 to 6 of 6 Records Page: 1
A person who opts to pay under composition scheme is registered with the GST. 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 from such composite supplier.
Querist is mixing the word 'Composition: with 'Composite'.
I have asked about Composition Scheme only.
No the saidv person is also a registered person.
If you are composite supplier no RCM would be applicable, else RCM applicable if purchase crosses above 5000 INR in a day.
Since composition dealer would obviously be a registered person, purchases made from a registered person would not attract RCM. Page: 1 Old Query - New Comments are closed. |
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