Menu
COMPO DEALER PURCHASE FROM COMP DEALER
is the comp dealer required to pay tax if on input if he purchase from another composition dealer
Replies (4)
Quick Summary
INPUT TAX CREDIT IS NOT AVAILABLE FOR COMPOSITION DEALER...
Hi,
no tax in not required to be paid on purchase made from composition dealer
thanks
Mohit.
8335093446
no tax in not required to be paid on purchase made from composition dealer
thanks
Mohit.
8335093446
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....
composition dealer has to pay tax at flat rate applicable 1%,6%,5%on his outward supplies....
Composition dealer is Registered person GST, hence if any Composition dealer purchase from another composition dealer , there is no GST Applicable under RCM .
Recent Topics :
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
Related Topics :
CAclubindia
