Composition Dealer

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33 Points Posted on 03 October 2020
whether Composition dealer will get Imput Tax Credit
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On 03 October 2020 at 08:58 Report
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Quick Summary
Under the GST Composition Scheme, dealers are explicitly prohibited from claiming Input Tax Credit (ITC). This is a fundamental condition of opting for the scheme. As composition dealers cannot charge GST on their outward supplies, they are consequently not eligible to claim ITC on their business inputs.

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Practice
3235 Points Posted on 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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On 03 October 2020 at 09:06
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Student
23693 Points Posted on 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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On 03 October 2020 at 10:29
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Tax and Business Consultant
11616 Points Posted on 04 October 2020
No, Composition dealer can not Claim ITC...
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On 04 October 2020 at 09:34

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