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Composition Dealer

jerrins joy (33 Points)

03 October 2020

whether Composition dealer will get Imput Tax Credit

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CA ABHAY GUPTA (Practice) (3230 Points)
Replied 03 October 2020

No it is one of the condition one need to follow while opting for composition is that one cannot claim ITC

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Shivam RC (Student) (23683 Points)
Replied 03 October 2020

No Sir. Composition Scheme Dealer are not eligible to claim ITC.

As per the Provision of Section 10(4) of the CGST Act 2017 read with Section 17(5) clause (e) of the CGST Act 2017 [ BLOCKED CREDITS ], Composition Scheme dealers are strictly not allowed to claim ITC on GST paid on their inputs since they cannot charge any GST on their outward supply from their customers.

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