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Composition tax regarding
if compostion dealer purchase from composition dealer what is the treatment in gst of books of recepent composition
Replies (3)
Quick Summary
Recipient Composition Delar has to pass only purchase entry without GST , because composition seller will not charge any GST ,
you have to show in GSTR 4 as a inward supply, No question of ITC .
pass entry
Purchase A/c Dr
To Composition Dealer A/c Cr
( purchase from composition Delar)
you have to show in GSTR 4 as a inward supply, No question of ITC .
pass entry
Purchase A/c Dr
To Composition Dealer A/c Cr
( purchase from composition Delar)
And rcm lagega kya
RCM applicable on only purchased form unregistered dealer.
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