Purchases from Composition Dealer

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Karthik Eligeti (Querist)
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12 August 2017 if I purchased goods from composition dealer then can I take input tax credit on payment of tax under RCM basis?

CA Suresh Jain

CA Suresh Jain (Expert)
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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
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CA Saloni

CA Saloni (Expert)
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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.

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