Dear sir,
How should the billing format be if the supply is from composition dealer to non composition dealer ..Suppose I am under composition and my dealer is in non composition scheme(i,e.above 75lakhs turnover).How should my dealer sell it to the third party. Since he is under non composition he must be having cgst and sgst taxes.How should he bill if the purchase is from composition supplier.
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Replies (5)
Normal registered Dealer will not purchase goods from Composition dealer, Because composition person will not transfer the input credit as it form part of cost for composition dealer and also Composition dealer will not raise tax invoice.
what if I need to supply to a non composition dealer and myself being under composition scheme
what if I need to supply to a non composition dealer and myself being under composition scheme
If you are Supplie goods to registered regular dealer they can't take itc,, bcoz you don't give taxable invoices.
Then, What next...?
very simple the registered person ll be loss his ITC.
and one more points this transition can't applicable RCM...
Then, What next...?
very simple the registered person ll be loss his ITC.
and one more points this transition can't applicable RCM...
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