GOOD            
TO          
GREAT BAR!

News Topics

Is composition dealer liable to pay GST on revers…

Is composition dealer liable to pay GST on reverse charge in addition to fixed percentage of normal…

Is composition dealer liable to pay GST on reverse charge in addition to fixed percentage of normal GST that he has to pay ?

0
Jeeba Jun. 26, 2018

In the normal course of business, the supplier of goods or services is liable to pay tax on supply, but in the case of reverse charge mechanism, the receiver becomes liable to pay tax instead.

If the reverse charge is applicable on a particular supply then the composition dealer has to pay GST under reverse charge as a recipient of supply at normal GST rates as applicable.