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composition scheme

This query is : Resolved 
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(Querist)
24 April 2011 explain
how vat credit chain is break when an dealer opts COMPOSITION SCHEME
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CA KRISHNA KUMAR DARUKA

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CA KRISHNA KUMAR DARUKA (Expert)
24 April 2011 In case of a VAT composition scheme a dealer cannot take credit of Input VAT and also cannot charge output VAT in his invoice and therefore, the purchaser from him does not get the benefit of Input VAT credit and the VAT credit chain breaks.
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