Effect of purchase from composite dealer
As we know composite dealer can't charge gst, hence regular taxable person can not get ITC on purchase from composite dealer. Now my question is, dose a regular taxable person have to pay tax under reverse charge for such purchase? if not then should it be excluded from aggregate taxable purchase?
Replies (2)
When it is B2B, supply you have to include the purchase bill, and hence it will be included in aggregate taxable purchase, but ITC will not be credited. No question of RCM should arise here.
Thank you
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