Can a Composition Dealer sold Goods to Composition Dealer and what is the position of purchaser for tax liability
Menu
Composition dealer can sold to Composition Dealer ??
Replies (4)
Yes.... Why not...?!
Composition Dealer can sell his goods to anybody in Intra State...
If Purchaser is Composition dealer then No need to worry about Tax Liability for the Purchase...
If Purchaser is Regular dealer then He can't avail any Tax (ITC) in the purchased goods from composition dealer.
Composition Dealer can sell his goods to anybody in Intra State...
If Purchaser is Composition dealer then No need to worry about Tax Liability for the Purchase...
If Purchaser is Regular dealer then He can't avail any Tax (ITC) in the purchased goods from composition dealer.
No question of claiming ITC by purchaser as a composition dealer can not collect GST from his customers.
Both are registered dealer the only point is composition dealer cannot collect tax & annot claim ITC. so one composit dealer can purchase from other composit dealer
Yes. A Conposition Dealer can sell goods to another Composition Dealer. Applicable tax needs to be discharged by the supplier. As Tx cannot be collected by the composition dealer, the question of availing ITC by the recipient composition dealer doesn't arise.
Recent Topics :
- Gift of unlisted shares to friend upon marriage
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
Related Topics :
CAclubindia
