Dear Experts,
We have received goods from composition dealer and we want to know whether we can claim the ITC for the same.
Tax rate is 18%.
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Goods received from composition dealer
Replies (4)
No You cannot claim Input
So I need to pass entry in the books as below:
Purchase A/c Debit (Including GST value) 9440.00
To Party (Composition Dealer ) Credit 9440.00
Yes Correct!!👍
Thank You Sir.
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