Home Forum Goods and Services Tax - GST Month 1 2023 2023 (1) This
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Composition Scheme for Scrap dealers. - Goods and Services Tax - GSTExtract A dealer who buys all types of scrap from unregistered suppliers and sells it to registered/unregistered persons. Query is whether such dealer can opt for composition scheme ( subject to threshold limit Rs.1.5 Crores ) and pay output tax at 1% irrespective of the rate of tax applicable for each type of scrap items. and also RCM is NOT applicable on his purchases from unregistered dealers u/s 9(3) of CGST Act .
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