A person is engaging in gold business. He has registered as composite dealer under GST. Can he get any Input Tax Credit on GST paid by him at the time of purchase.
Please clarify me.
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Input Tax Credit
Replies (4)
No itc applicable on composition scheme
Thank you Sunil Kumar Sharma sir
In my view...
Gold business dealer can't going to composition scheme. Bcoz, He is also calculate service charges. Service is not under composition scheme......
Gold business dealer can't going to composition scheme. Bcoz, He is also calculate service charges. Service is not under composition scheme......
ITC cannot claimed by composite dealer
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