Purchase from composition dealer
This query is : Resolved
09 January 2020
Dear Members!
If a regular dealer purchase the goods from composition dealer! Than whether this goods will be considered as unregistered purchase and have to pay applicable tax thereon!
Pls clarify.....
Thanks & Regards
Karan kumar
If a regular dealer purchase the goods from composition dealer! Than whether this goods will be considered as unregistered purchase and have to pay applicable tax thereon!
Pls clarify.....
Thanks & Regards
Karan kumar
09 January 2020
No, the composition tax payer is also a registered person so he cannot be equated with an unregistered purchase.
09 January 2020
Sir! Does that mean on purchase from composition dealer No need to pay tax. Only stock will be added however while sale thereof tax will be paid,
Pls clarify....
Pls clarify....
09 January 2020
The Purchase is from Registered Person and as u are regular taxpayer the purchase price will be your cost and at the time of sale u need to pay GST at respective rate
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