banner_ad

Composite purchase

This query is : Open 
Profile Image

Profile Image

(Querist)
01 April 2018 sir
1.gst purchse 1oo +18% = 118 from regular dealer
2.purchase by composite dealer (1% scheme)
3 he sold to regular dealer rs120 and mrp 125
question--
a)last purchaser input available or no
b)mrp 125 and purchase cost 120 if charged 18 % gst than price above mrp


Profile Image

RAJA P M

Profile Image

RAJA P M (Expert)
02 April 2018 If You mean Mr. A transact the all above...? and Mr. A is registered under GST as Regular dealer...? If both of Yes.... then a) Yes... He avail ITC if registered under GST as regular. b) The transaction as per above then price is exceed the MRP. But, no way for sale over MRP...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details