if a composition dealer purchase goods from another composition dealer then tax liability ?????
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Composition dealer purchase
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Same as normal COMPOSITION dealers Rate... if u cover in traders than 1%.
Composite dealer-A sells goods worth Rs 100 to composite dealer - B
A cannot charge tax from B but at the qtr end he has to deposit 1% of total turnover.
For B Rs 100 is the cost.(No ITC , no RCM)
Seller has to pay tax @ 1% of total sales, purchaser gets no ITC
VERY SIMPLE: NO AVAIL ITC AND PAYABLE GST 1% / 2%& AND 0.50% AS YOU LIABLE
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