Input credit
This query is : Resolved
29 July 2017
1. If a registered person under GST purchases goods from a composition dealer
- Whether it will be treated as purchase from regd. person or unregd. person.
- will he be liable under RCM
- will he get ITC of the tax paid by the Composition dealer while making purchase.
- Whether it will be treated as purchase from regd. person or unregd. person.
- will he be liable under RCM
- will he get ITC of the tax paid by the Composition dealer while making purchase.
29 July 2017
1. It ll be treated as RD purchases.
2. No... Purchased from CD then can't pay tax under RCM
3. No. The composition Dealer can't get ITC and Can't issue tax Invoice.
Note: The RD purchased from CD then RD loss his ITC...
2. No... Purchased from CD then can't pay tax under RCM
3. No. The composition Dealer can't get ITC and Can't issue tax Invoice.
Note: The RD purchased from CD then RD loss his ITC...
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