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Composition accounting clarification
my client is actually a regular tax payer, but now purchasing from composition dealer,who is collecting gst by providing tax invoice which is not allowed, so can any one tell me how to consider that composition invoices, either as regular purchase with itc or by way of unregistered purchase of invoice value?
Replies (3)
Quick Summary
Unregistered purchase of invoice value.
Issuing tax invoice irrespective of nature of assesse I.e. regular or composition is not a problem.
Don't pay gst amount to the composition dealer since you will not be able to claim ITC.
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