A registered composite scheme scrutiny of gst returns after dealer e-waybills purchase transactions un accounting some amount found.
e-waybills transaction purchase value rs:8 lacs + add profit rs:90,000/- total value rs:8,90,000/-
question:
dealer total value rs:8,90,000/- tax applicable pay compulsory.
Menu
E-waybills transaction tax applicable
Replies (1)
As composition dealer cannot claim ITC it is block under Section 17(5). & Cannot charge & collect GST from Customer .
So the composition dealer is required to pay GST on Turnover which includes profit.
So the composition dealer is required to pay GST on Turnover which includes profit.
Recent Topics :
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
Related Topics :
CAclubindia
