Purchases from Composition Dealer
This query is : Resolved
12 August 2017
if I purchased goods from composition dealer then can I take input tax credit on payment of tax under RCM basis?
12 August 2017
You are not required to pay any GST on RCM basis for Goods received from a supplier of Goods who is registered and have opted for composition.
N. Jain
group.blr@gmail.com
N. Jain
group.blr@gmail.com
12 August 2017
RCM is applicable on purchase from URD, but composite dealers are registered dealers. So no need to pay tax under RCM.
And otherwise also, you cannot claim ITC of inward supply from composite dealer as the cannot pass ITC.
And otherwise also, you cannot claim ITC of inward supply from composite dealer as the cannot pass ITC.
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