a seller is enroll under compsoition scheme and a buyer is regsitered GST entity.
can anyone tell me if i make purchases from compsite supplier, then how can i claim credit under GST as composite supplier will not charge any GST from me and like a reverse charge mechanism in case of unregsitered supplier. how it will be benficial to make purchases from composite supplier?
please clarify by provisions.
Menu
input credit availment
Replies (3)
sir if the buyer is registered then it would not be in any case benificial to do the purchasing from composition dealer.
accept the items on which ITC is available like food & beverages
that i understood,
i am just asking that like bcse of reverse charge entities will not buy from unregsitered supplier , so bcse of non input credit availment the entities too will not pur hase from composite dealer.
compsoition scheme is beneficial only from the point of supplier not the buyer?
i am just asking that like bcse of reverse charge entities will not buy from unregsitered supplier , so bcse of non input credit availment the entities too will not pur hase from composite dealer.
compsoition scheme is beneficial only from the point of supplier not the buyer?
but buyer will not pay any tax to composition dealer and he is also not liable for rcm that the benefit
Recent Threads
- Excess Payment on RCM
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
Related Threads
CAclubindia
