COMPO DEALER PURCHASE FROM COMP DEALER

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MBA
248 Points Posted on 11 May 2020
is the comp dealer required to pay tax if on input if he purchase from another composition dealer
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On 11 May 2020 at 13:37 Report
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This discussion clarifies that composition dealers generally do not pay tax on purchases made from other composition dealers. Input Tax Credit (ITC) is not available for composition dealers. They are required to pay a flat rate of GST on their outward supplies.

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Profession
28269 Points Posted on 11 May 2020
INPUT TAX CREDIT IS NOT AVAILABLE FOR COMPOSITION DEALER...
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On 11 May 2020 at 13:43
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Professional - CA firm
524 Points Posted on 11 May 2020
Hi,

no tax in not required to be paid on purchase made from composition dealer

thanks
Mohit.
8335093446
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On 11 May 2020 at 13:43
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54 Points Posted on 11 May 2020
No tax is required to be paid on purchase from unregistered person as 9(4) is not operative now.

composition dealer has to pay tax at flat rate applicable 1%,6%,5%on his outward supplies....
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On 11 May 2020 at 15:51
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GST Practitioner
55067 Points Posted on 12 May 2020
Composition dealer is Registered person GST, hence if any Composition dealer purchase from another composition dealer , there is no GST Applicable under RCM .
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On 12 May 2020 at 00:55

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