Menu
composition scheme
if I am in composition scheme and if I sell the goods to a firm with more than 75 lakh rupees turnover how the other firm will show input tax credit
Replies (2)
No ITC for the recipient You will not charge any tax in your bill of Supply.
Composite dealer cannot charge tax on the bill from any of the customer. Similarly, their customers cannot avail ITC.
Recent Topics :
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
- Hi experts need some help
- Is SAP FICO a good career option for finance and a
- Direct Cost booking
- TDS on Property Purchase Paid
- Cash Purchase Above ₹10,000, ITR/40A(3) Trea
- TDS on dividend to non resident shareholders
- Best CA Inter classes in Laxmi Nagar for Group 1?
Related Topics :
CAclubindia
