RCM Is not applicable on Unregistered Purchase?
Respected Sir / Madam
I am composition Tax payer doing business of scrap
i am purchasing scrap from unregistered dealers is RCM Payable By me Or RCM Is not applicable on Unregistered Purchase
RCM is not applicable on purchase from composition dealer under GST . No ITC is available for the paid under RCM for composition dealers. The rate under composition scheme should not be used for RCM purpose.
I am registered as COMPOSITION dealer and purchasing SCRAP from UNREGISTERED in this case RCM Is applicable ??
Please Share Your Whatsapp Contact detail i have to know advance rulling and your fees
My whatsapp no is 9935552965.