Nadim Scrap ., In re
Date: June 30, 2021
Subject Matter
Composition Dealer purchasing Scrap/Used vehicles from Central/State Government, Union territory or a local authority is liable to pay tax on RCM basis.
Summary
1. Composition Dealer purchasing Scrap/Used vehicles from the following Suppliers, namely: Central Government, State Government, Union territory or a local authority are liable to pay tax on RCM basis. 2. There is no RCM tax liability for purchase of…
M/s. Ahmedraza Abdulwahid Munshi (Nadim Scrap), hereinafter referred to as the applicant, has sought Advance Ruling on following Questions: 1. Can Composition Dealer purchase Scrap/Used vehicles from Unregistered Dealers? RCM on these purchases applicable or not? 2. Any RCM exemption limit amount for purchase of Scrap and Used vehicles from unregistered dealers? 2. Revenue’s Submission: The…